Question Help E9-31A (similar to) The Sweeney Company is preparing as cash payments budget the following relate to cash pas company wiates making during the second quarter of the upcoming year the competition Requirement Presca pent budget lw for May and Jone and one la bors of sad the table to be empt de rot enter a 70) The Swey Company Cash Page for the Mof Albogh A May CA i More Info tall a. The company pays for 50% 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 S 110.000 $ 135,000 $ 122.000 $ 149.000 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 $ 54,000 S 64,000 $ 79.000 c. Manufacturing overhead is estimated to be 150% of direct labor cost each month. This monthly estimate includes $38,000 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 S 72,000 S 85.000 S 83.000 5 91.000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating ANADOLU Print Done i More Info - S 110,000 S 135,000 $ 122,000 $ 149,000 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 $ 54,000 $ 64,000 $ 79,000 c. Manufacturing overhead is estimated to be 150% of direct labor cost each month. This monthly estimate includes $38,000 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 S 72,000 $ 85.000 S 83,000 S 91,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $10,000 for monthly depreciation on administrative offices and equipment and $3.200 for bad debt expense. e. The company plans to pay $3.000 (cash) for a new server in May f. The company must make an estimated tax payment of $13.000 on June 15 Print Done