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need all parts done Stately Corporation is preparing its cash payments budget for noxt month. The following information pertains to the cash payments: View the

need all parts done
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Stately Corporation is preparing its cash payments budget for noxt month. The following information pertains to the cash payments: View the dnta. How much cash will be paid out next month? a. Stately Corporation pays for 50% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $72,000, while the company anticipates $89,000 of direct material purchases next month. b. Direct labor for the upcoming month is budgeted to be $38,000 and will be paid at the end of the upcoming month. c. Manufacturing overhead is estimated to be 150% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $15,000 of depreciation on the plant and equipment. d. Monthly operating expenses for next month are expected to be $44,000, which includes $2,600 of depreciation on office equipment and $1,800 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Stately Corporation will be making an estimated tax payment of $7,700 next month

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