Secure 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? More Info month a. Secure Corporation pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $74,000, while the company anticipates $83,000 of direct material purchases next month, b. Direct labor for the upcoming month is budgeted to be $31,000 and will be paid at the end of the upcoming c. Manufacturing overhead is estimated to be 130% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $19,000 of depreciation on the plant and equipment d. Monthly operating expenses for next month are expected to be $41,000, which includes $2.200 of depreciation on office equipment and $1,700 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. .. Secure Corporation will be making an estimated tax payment of $7.200 next month Print Done Enter any number in the edit fields and then click Check Answer 59-12 (similar to) Secure 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? Secure Corporation Cash Payments Budget Cash payments for direct materials: 55% of last month's purchases 45% 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