More info a. The company pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: Fing during the second quarter b. Direct labor is paid in the moath in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows. c. Manufacturing owerhead is estimated to be 130% of direct latsor cost each month. This monthly estimate includes $32,000 of depreciation on the plant and equipment. A. manufacturing ovethead (excluding depreciation) is peld in the month in which it is incurred d. Monthly operatipg expenses for March though June aro projected to be as follows: Monthy operating expenses ace paid in the month after they are incurred. Monenly operating expenses include $15.000 for monthly depreciotion on administrative ofloes and equipment, and $3,200 for bad debt expense. -. The company plans to pay $0.000 (cash) lor a now server in May Requirement