The Monachino 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. i (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.) The Monachino Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 55% of current month purchases 45% of last month's purchases June Quarter More info ... 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 140,000 $ 119,000 $ 135,000 $ 120,000 $ 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 160% 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 expenses for March through June are projected to be as follows: March April May June 97,000 $ 74,000 $ 82,000 $ 85,000 $ Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $12,000 for monthly depreciation on administrative offices and equipment, and $3,000 for bad debt expense. e. The company plans to pay $4,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $11,500 on June 15. Print Done - X

(2. resek, the icon to view the cash peyment indormason] Requirement Prepare a cash peyments budpat foe Apel, May, and June and for the quarter. (If a box is not used in the table leave the box emph; do nol anter a zeco ) More info a. The company pays for 55% of lis dinact materials purchases in the month of purchase and the ramainder the follewing month. The company's cirect materiel puechases for March theugh June are arvicicated so be as folsowb. b. Diect labor is paid in the month in wivch it is inourted. Direct labor for each morth of the second quacter is budgeted as follows. c. Manufachuring overheed is estimated to be 160% of direct labor cost each month This monthy estimate includes $35,600 of depreciation on the plant and equipment. All mandacturing everhead (exclusting depreciatien) is paid in the month in which it is incurred d. Mocthly operating expenses for March through June are projected to be as tolloes: Moethly oseratieg sxperses aie paid in the msoth aftar they ae incurred Monthly eperating expenses include \$12,000 for monthly depreciation on administrative effices and equlpment, and 53. 000 for bad dett expenae e. The company plans to pay 54.009 (cash) for is Atw sarvet in May f. The company must make an estmated tar payment of $11,500 on June 15