The Anderson Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. (Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table leave the box amply do not enter a zero. June Quarter The Anderson Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 55% of current month purchases $ 73,150 $ 66,550 $ 45% of last month's purchases 50,850 60,850 Cash payments for direct labor 44,000 54,000 Cash payments for manufacturing overhead 78,650 $ $4,450 69000 218,350 165,150 167,000 i More Info during the second derson Company of the upcoming y lick the icon to view rement tre a cash payments rope pra zero.) 193. perty alias Bh payments for direct 55% of current month 45% of last month's pl ash payments for direct ash payments for manu a. The company pays 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 $ 113,000 $ 133,000 $ 121,000 $ 143,000 b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: April May June $ 44,000 $ 54.000 69,000 c. Manufacturing overhead is estimated to be 160% of direct labor cost each month. This monthly estimate includes $39.000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred d. Monthly operating expenses for March through June are projected to be as follows: March April May June $ 71,000 $ 85,000 $ 88,000 $ 96.000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $10,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense e. The company plans to pay $3,000 (cash) for a new server in May AS hework- kaly.pdf Enter any number in the Print Done Lal Check ml7gyaz A parts More Info remainder me Tollowing month. The company's direct material purchases Tor Marcn through June are anticipated to be as follows: March April May June $ 113,000 $ 133,000 $ 121,000 $ 143,000 b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: April May June $ 44,000 $ 54,000 $ 69,000 c. Manufacturing overhead is estimated to be 160% of direct labor cost each month. This monthly estimate includes $39,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: March April May June $ 71,000 $ 85,000 $ 88,000 $ 96,000 Monthly operating expenses are paid in the month after they are incurred Monthly operating expenses include 510,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense. e. The company plans to pay $3,000 (cash) for a new server in May. 1. The company must make an estimated tax payment of $12,000 on June 15. Print Done
