The Kerwin Company is preparing its cash paymer budgetThe following items relate to the payments the company anticipate maig during the recordatore proming your Co the con to view the cash payment for Requirement Prepare a cash payments budout for April Mary, and Jure and for the quarter of this noted in the table leave the box to rotater 20) X More info The Kerwin Company Cash Payments Budget For the Month of April through June April May Cash payment for direct material 80% of current month purchases 50 of last month's purch June Quarter 3. The company pay for 50% of is direct ma purchases in the month of purchase and the remain the following month. The company recta purchase March through treated to be as to March May $13.000 $138.000 $ 122,000 $43.000 b. Direct laboris padine which is in red Chesterforach month the second quarrisbudple solo April May June 346000 DOO 1.000 6. Mag over is to be 150% fredator This month 130.000 spection on the indument Almancung dengan mo curred d. Mobyperating for Mach Droghned to be low March April May June 71.000 $ 5.000 7.000 30.000 Normy operating expenses are paid in the more they are incred Mohy sporting expertos de 30,000 for month depreciation on the office andement and $3.000 for bed dette The company plans to pay $7.000 (cash) for a new servetin May The company must make an estimated tax payment of $13.000 on June 15 Print Done The Korwin Company is preparing its cash payments budget. The following toms relate to cash payments the company anticipates making during the second quarter of the upcoming your Clicke icon to view the cash payment information) Requirement Prepare a cash payments budget for Apr May, and June and for the quarter. If a box la not used in the table love the box empty do not enter a zoro) More info The Kerwin Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials 50% of current month purchases 50% of last month's purchases June Quarter 2. The company pays for 50% 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 $ 138,000 $122.000 $ 143,000 b. Direct laboris paid in the month in which it is incurred. Direct labor for each months 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 imate includes $38,000 of depreciation on the plant and equipment. All manufacturing overhead (oncluding deprecationis ad in the money in which it is incurred d. Monthly operating expenses for March through June are projected to be follow March April May June 71.000 $ 85,000 $ 27.000 $ 90,000 Monthly operating expenses are paid in the month after they are incurred. Montvy operating experies include 8.000 for monthly depreciation on intravenous and equipment, and 53.000 for bad debt expense e. The company plans to pay $7.000 (only for a new server in May The company must make an estimated tax payment of $13,000 on June 15 More info a. The company pays for 50% 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 $ 138,000 $ 122,000 $ 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 $38,000 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 $ 87,000 $ 90,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $9,000 for monthly depreciation on administrative offices and equipment, and $3,000 for bad debt expense. e. The company plans to pay $7,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $13,000 on June 15