The Alderman Company is preciaring its cash payments budget. The following items relate to cash payments the campany anticipates making during the second quarter of the upcoming year. (Click the icxx to view the cash payment information) Requirement Prepare a Gish frynienis budget for April, May, and June and for the quarter. (If a book is not used in the table leave the box empty: do not enter a zenc.) i More Info The Alderman Company Cash Payments Budget For the Months of April through June May Cash payments for direct materials: 55% of current month purchases 45% of last month's purchases June Quarter a. The company days for 55% of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: March April May June $ 111,000 S 131,000 $ 129,000 $ 140,000 b. Direct latior is paid in the month in which it is incurred. Dirix: labor for each month of the second quarter is budgeted as follows: April May June $ 58,000 S 68,000 $ 83,000 c. Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $36.000 of depreciation on the plant and equipment. All manufacturing cverhead (excluxling depreciation) is paid in the month in which it is incurred. d. Manthly ciperating expenses for Miarch through Junc are projected to be as folkys: March April May June $ 77,000 $ 87,000 $ 85,000 S 95,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include S14.000 for monthly depreciation on administrative offices and equipment, and $3,400 for bad debt expense e. The company plans to pay $5,000 (cash) for a new server in May. f. The company must make an estimated tex payment of $11,500 on June 15. Print | Done