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The Sesnie Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of

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The Sesnie 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. 0 (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 Sesnie 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 . 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 $ 138,000 $ 123,000 $ 147,000 . 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 . Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $34,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. . Monthly operating expenses for March through June are projected to be as follows: March April May June $ 71,000 $ 82,000 $ 88,000 $ 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 ofces and equipment, and $3,000 for bad debt expense

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