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Refer to the image below: Keep work shown minimal. I'd rather have the answer faster. ? Finley Corporation is preparing its cash payments budget for

Refer to the image below:

Keep work shown minimal. I'd rather have the answer faster.

?

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Finley Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: 0 (Click the icon to View the data.) How much cash will be paid out next month? Finley Corporation Cash Payments Budget 0 MUTE INTO Cash payments for direct materials: 50% of last month's purchases . . Finley Corporation pays tor 50% of its direct materials purchases in the month of purchase and the 50% 0i \"9)\"- month 5 purchases remainder the following month. Last month's dired material purchases were $303,000, while the company anticipates $83,000 of direct material purchases next month. Cash payments for manufacturing overhead . Slim-labor tor the upcoming month is budgeted to be $35,000 and will be paid at the end of the upcoming Cash payments for direct labor Cash payments for operating expenses . Manufacturing overhead is estimated to be 150% of direct labor cost each month and is paid in the month in which it is incurred. This montth estimate includes $10,000 of depreciation on the plant and equipment. . Monthly operating expenses for next month are expected to be $49,000, which includes $2,700 of depreciation on oice equipment and $1,700 ofbad debt expense. These monthly operating expenses are paid during the month in which they are incurred. Finley Corporation will be making an estimated tax payment of $3,500 next month. Cash payment tor taxes Total cash payments

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