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? Stampede Corporation Cash Payments Budget Cash payments for direct materials: Current month's purchases $ 35,500 Next month's purchases 41,500 Cash payments for direct labour 35,000 Cash payments for manufacturing overhead 62500 Cash payments for operating expenses 44000 7,300 Cash payment for taxes Total cash payments 226800 Data table - a. Stampede Corporation pays for 50% of its direct materials purchases in the month of purchase and the remainder the following month. The current month's direct material purchases were $71,000, while Stampede Corporation anticipates $83,000 of direct material purchases next month. b. Direct labour for the upcoming month is budgeted to be $35,000 and will be paid at the end of the upcoming month. c. Manufacturing overhead is estimated to be 130% of direct labour cost each month and is paid in the month in which it is incurred. This monthly estimate includes $17,000 of depreciation on the plant and equipment. d. Monthly operating expenses for next month are expected to be $44,000, which includes $2,700 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 make an estimated tax payment of $7,300 next month.