S9-12 (similar to) Question Help Sunity Corporation is preparing its cash payments budget for next manth. The following information pertains to the cash payments: (Click the icon to view the data.) How much cash will be paid out next month? More Info Surity Corporation Cash Payments Budget Cash payments for direct materials: Surty Corporation pays for 50% 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 $80,000 of direct material purchases next month. a. 50% of last month's purchases 50% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes Total cash payments b. Direct labor for the upcoming month is budgeted to be $33,000 and will be paid at the end of the upcoming c. Manufacturing overhead is estimated to be 140% of direct labor cost each month and is paid in the month d. Monthly operating expenses for next month are expected to be $45,000, which includes $2,000 of month. in which it is incurred. This monthly estimate includes $10,000 of depreciation on the plant and equipment. depreciation on office equipment and $1,200 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. Surity Corporation will be making an estimated tax payment of S7,700 next month e. Print Done Enter any number in the edit fields and then click Check