Stately 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 - X Stately 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 a. Stately Corporation pays for 45% of its direct materials purchases in the month of purchase and the reminder the following month. Last month's direct matenal purchases were $77,000, while the company anticipates 383,000 of direct mara purchases next month b. Direct labor for the upcoming month is budgeted to be $32,000 and will be paid at the end of the upcoming month 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 $17,000 of depreciation on the plant and equipment d. Monthly operating expenses for ned month are expected to be 542 000, which includes $2.900 of depreciation on office equipment and 51.500 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred e. Stately Corporation will be making an estimated tax payment of S7,800 next month Print Done