The Berkner 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 More Info Prepare a cash payments budget for April, May, and June and for the quarter. The Berkner Company Cash Payments Budget For the Months of April through June 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: April May Cash payments for direct materials: 55% of current month purchases 45% of last month's purchases March April May June $ 115,000 $ 135,000 $ 122,000 $ 141,000 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 $ 56,000 $ 66,000 $ 81,000 c. Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $37,000 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: Enter any number in the edit fields and then click Check Answer. March April May June $ 73,000 $ 87,000 $ 84,000 $ 93,000 6 parts naining The Berkner Company Cash Payments Budget For the Months of April through June April May June Quarter Cash payments for direct materials: 55% of current month purchases 45% of last month's purchases