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Part 1 of 1 Save = Homework: Ch 9 HW Question 8, E9-31A (simil HW Score: 54.08% 5.41 of 10 points Points: 0 of 1 The Monette Company is preparing is cash payments budget. The following forma relate to cath payments the company antiopatos moking durvis the second quarter of the upcoming year. Click the icon to wow the cash payment formation Requirement Procare a conth payments budget for Art, May and Jone and for the quarter, il a box in pot used in the table tave the box empty, do not enter a zero) The Monette Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials 55% of current month purchase 45% of last month's purchases June Quarter Help Me Solve This Video Get More Help Clear All Check Answer o 62F Cloudy 530 HV More Info its pay or Ad 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: March April May June $ 113,000 S 136,000 $129,000 $ 143,000 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: April May June $ 58,000 $ 66,000 $ 81,000 c. Manufacturing overhead is estimated to be 140% of direct labor cost each month. This monthly estimate includes $31,000 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: March April May June $ 77,000 83,000 $82,000 $91,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating For the als: ses es S Print Done Video Get More Help - Clear All 62F Cloudy IV - More Info ts jar Day AL $ 113,000 $ 136,000 $ 129,000 $ 143,000 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: April May June $ 56,000 $ 66,000 $ 81,000 c. Manufacturing overhead is estimated to be 140% of direct labor cost each month. This monthly estimate includes $31,000 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: March April May June $ 77,000 $ 83,000 $82,000 $ 91,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include 512,000 for monthly depreciation on administrative offices and equipment, and $3,200 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $14.500 on June 15. rth 5 Print Done ideo Get More Help Clear All w 37 62F Cloudy Prison Home End PADA