Striker Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments:

How much cash will be paid out next month?

a. b. c. Striker Corporation pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $73,000, while the company anticipates $86,000 of direct material purchases next month. Direct labor for the upcoming month is budgeted to be $33,000 and will be paid at the end of the upcoming month. Manufacturing overhead is estimated to be 160% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $12,000 of depreciation on the plant and equipment. Monthly operating expenses for next month are expected to be $40,000, which includes $2,600 of 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. Striker Corporation will be making an estimated tax payment of $7,200 next month. d. e. Striker Corporation Cash Payments Budget Cash payments for direct materials: 45% of last month's purchases 55% 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