Score: 0 of 1 pt 5 of 10 (9 complete) HW Score: 51.32%, 5.13 of 10 pts E9-29A (similar to) Question Help The Monette Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box i not used in the table leave the box empty; do not enter a zero.) The Monette Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 55% of current month purchases 45% of last month's purchases June Quarter Enter any number in the edit fields and then click Check Answer. ? parts remaining Clear All Check Answer E9-29A (similar tel Question Help o More Info uring the second quarter The Monette Company is of the upcoming year. i (Click the icon to view Requirement Prepare a cash payments a. The company pays for 55% 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 be as follows: er a zero.) March April May June $ 118,000 $ 136,000 $ 124,000 $ 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: Cash payments for direct 55% of current month April May June $ 54,000 $ 64,000 $ 79,000 c. Manufacturing overhead is estimated to be 140% 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: 45% of last month's pl March April May June $ 71,000 $ 85,000 $ 83,000 $ 90,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $8,000 for monthly depreciation on administrative offices and equipment, and $2,700 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. Enter any number in the ? Print Done parts remaining Ick Answer E9-29A (similar tel Question Help 0 More Info uring the second quarter The Monette Company is of the upcoming year. (Click the icon to view Requirement Prepare a cash payments remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: er a zero.) March April May June $ 118,000 $ 136,000 $ 124,000 $ 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: $ Cash payments for direct April May June $ 54,000 64,000 $ 79,000 c. Manufacturing overhead is estimated to be 140% 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: 55% of current month 45% of last month's pl March April May June $ 71,000 $ 85,000 $ 83,000 $ 90,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $8,000 for monthly depreciation on administrative offices and equipment, and $2,700 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $12,000 on June 15. Enter any number in the Print Done parts remaining ck Answer Score: 0 of 1 pt 5 of 10 (9 complete) HW Score: 51.32%, 5.13 of 10 pts E9-29A (similar to) Question Help The Monette Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box i not used in the table leave the box empty; do not enter a zero.) The Monette Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 55% of current month purchases 45% of last month's purchases June Quarter Enter any number in the edit fields and then click Check Answer. ? parts remaining Clear All Check Answer E9-29A (similar tel Question Help o More Info uring the second quarter The Monette Company is of the upcoming year. i (Click the icon to view Requirement Prepare a cash payments a. The company pays for 55% 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 be as follows: er a zero.) March April May June $ 118,000 $ 136,000 $ 124,000 $ 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: Cash payments for direct 55% of current month April May June $ 54,000 $ 64,000 $ 79,000 c. Manufacturing overhead is estimated to be 140% 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: 45% of last month's pl March April May June $ 71,000 $ 85,000 $ 83,000 $ 90,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $8,000 for monthly depreciation on administrative offices and equipment, and $2,700 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. Enter any number in the ? Print Done parts remaining Ick Answer E9-29A (similar tel Question Help 0 More Info uring the second quarter The Monette Company is of the upcoming year. (Click the icon to view Requirement Prepare a cash payments remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: er a zero.) March April May June $ 118,000 $ 136,000 $ 124,000 $ 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: $ Cash payments for direct April May June $ 54,000 64,000 $ 79,000 c. Manufacturing overhead is estimated to be 140% 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: 55% of current month 45% of last month's pl March April May June $ 71,000 $ 85,000 $ 83,000 $ 90,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $8,000 for monthly depreciation on administrative offices and equipment, and $2,700 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $12,000 on June 15. Enter any number in the Print Done parts remaining ck