Stampede Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: i (Click the icon to view the data.) How much cash will be paid out next month? X Stampede Corporation More info Cash Payments Budget Cash payments for direct materials: a. Stampede Corporation pays for 55% of its direct materials purchases in the month of purchase and the 45% of last month's purchases remainder the following month. Last month's direct material purchases were $70,000, while the company anticipates $86,000 of direct material purchases next month. 55% of next month's purchases b. Direct labor for the upcoming month is budgeted to be $34,000 and will be paid at the end of the upcoming Cash payments for direct labor month. Cash payments for manufacturing overhead 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 $10,000 of depreciation on the plant and equipment. Cash payments for operating expenses d. Monthly operating expenses for next month are expected to be $48,000, which includes $2,800 of Cash payment for taxes depreciation on office equipment and $1,900 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. Total cash payments e. Stampede Corporation will be making an estimated tax payment of $7,800 next month