Beqirenteri Nore into ow amiteded is be andise inzal ber has debt ewetm More info a. The company pays for 55% 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: b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: c. Manufacturing overhead is estimated to be 160% of direct labor cost each month. This monthly estimate includes $35,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $11,000 for monthly depreciation on administrative offices and equipment, and $3,200 for bad debt expense. e. The company plans to pay $7,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $12,000 on June 15 . The Bentfield Compony is preparing ts cash payments budget. The following items relate to cash paymonts the company antiopates making during the second quarter of the upcoming year. (3) (Click the icon to view the cash payment information) Requlrement Prepare a cash payments budget for April, May, and June and for the quarter. (If a boxis not used in the table leave the box empty; do not enter a zero.) More info a. The company pays for 55% of its direct materials purchases in the remainder the following month. The company's diroct material purc are anticipated to be as follows: b. Direct labor is paid in the month in which it is incurred. Direct labor t quarter is budgetod as follows: c. Manufacturing overhead is estimated to be 160N of direct labor cos4 estimate includes $35,000 of deprecistion on the plant and equipmer overhead (exeluding depreciation) is paid in the manth in which it is if Beqirenteri Nore into ow amiteded is be andise inzal ber has debt ewetm More info a. The company pays for 55% 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: b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: c. Manufacturing overhead is estimated to be 160% of direct labor cost each month. This monthly estimate includes $35,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $11,000 for monthly depreciation on administrative offices and equipment, and $3,200 for bad debt expense. e. The company plans to pay $7,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $12,000 on June 15 . The Bentfield Compony is preparing ts cash payments budget. The following items relate to cash paymonts the company antiopates making during the second quarter of the upcoming year. (3) (Click the icon to view the cash payment information) Requlrement Prepare a cash payments budget for April, May, and June and for the quarter. (If a boxis not used in the table leave the box empty; do not enter a zero.) More info a. The company pays for 55% of its direct materials purchases in the remainder the following month. The company's diroct material purc are anticipated to be as follows: b. Direct labor is paid in the month in which it is incurred. Direct labor t quarter is budgetod as follows: c. Manufacturing overhead is estimated to be 160N of direct labor cos4 estimate includes $35,000 of deprecistion on the plant and equipmer overhead (exeluding depreciation) is paid in the manth in which it is if
