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Please help 7 Surity Corporation is preparing its cash payments budget for next month. The following inflormation pertains to the cash payments: (Click the ioon
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Surity Corporation is preparing its cash payments budget for next month. The following inflormation pertains to the cash payments: (Click the ioon to view the data.) How much cash will be paid out next monet? More info a. Surity Corporation pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $75,000, while the company anticipates $84,000 of drect material purchases next month. b. Drect labor for the upooming month is budgeted to be $33.000 and will be paid at the end of the upcoming month. c. Manulacturing overhead is estimaled to be 130% of direct labor cost each month and is paid in the moeth in which it is incurred. This monthly estimete includes $11,000 of depreciaton on the plant and equipment. d. Monthly operating expenses for next month are expected to be $43,000, which includes $2,100 of depreciation on office equigment and $1,600 of bad debt expence. These monthly operating expenses are paid during the moeth in which they are incurred. e. Surity Corporation will be making an estimated tax payment of $7,700 next month 7
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