S9-12 (similar to) Stampede Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: (Click the icon to view the data.) How much cash will be paid out next month? i More Info Stampede Corporation Cash Payments Budget Cash payments for direct materials: 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 a. Stampede 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 $73,000, while the company anticipates $88,000 of direct material purchases next month. b. Direct labor for the upcoming month is budgeted to be $34,000 and will be paid at the end of the upcoming month. c. Manufacturing overhead is estimated to be 140% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $16,000 of depreciation on the plant and equipment. d. Monthly operating expenses for next month are expected to be $44,000, which includes $2,200 of depreciation on office equipment and $1,500 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Stampede Corporation will be making an estimated tax payment of $7,000 next month. Total cash payments Print Done