The Bentfield Company is preparing its cash payments budget. The following iteris relate to cash payments the company anticipates making during the second quarter of the upcorriing 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 empty, do not enter a zero.) - X More info June Quarter The Bentfield Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 55% of current month purchases $ 74,800 $ 68,750 $ 45% of last month's purchases 50,850 61,200 Cash payments for direct labor 46,000 56,000 Cash payments for manufacturing overhead 92500 91000 78.650 S 222,200 56,250 71.000 168,300 173,000 106000 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 S 113,000 $ 136,000 S 125,000 $ 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 $ 46,000 $ 56,000 $ 71,000 c. Manufacturing overhead is estimated to be 150% of direct labor cost each month. This monthly estimate includes $35,000 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 experises for March through June are projecled to be as follows: March April May June S 75,000 $ 85,000 $ 84,000 S 94,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $8,000 for monthly depreciation on administrative offices and equipment, and $3,100 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 tax payment of $11,000 on June 15. Print Done