QUESTION 23 Maverick Company began its operations on March 31 of the current year. Finch has the following projected cost May Manufacturing costs Insurance expense** Depreciation expense Property tax expense April $156,800 1,000 2.000 500 $195,200 331,000 2,000 1 June $217,600 11,000 2 .000 500 500 *or the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month **Insurance expense is $1.000 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***Property tax is paid once a year in November. The cash payments expected for Maverick Company in the month of May are a. $149,900 b. $187,600 c. $185,600 d. $189,100