The Sesnie Company is proparing its cash poyments budgot. The following Hems relate to cash payments the comparyy anticipates making during the second cuarter of the upcoming yeaz. 1.) (Click the icon to view the cash payment information) Requirement More info oy doing the second quarter of the upcoming year. a. The company pays for 55% of its drect materials purchases in the month of purchose and the rechainder the following month. The company's direct material purchases foc March through June are anticipated to be as follows: b. Direct labor is pald in the month in which it is incurted. Direct labor for each month of the second quarter is budpeted as follons c. Manufacturing overhead is estrmaled to be 140si of direct labor cost each month. This monthly estimate includes $37,000 of depreciaticn on the plant and equipment. Al manulacturing overhead (exduding depreciation) is paid in the month in which it is incurred d. Monthly operating expenses for March through June are ceoiected to be as follows: Mocthly operasing expenses are paid in the month after they are incurred. Monthy operating expenses indude $12,000 for monthy depreciation on administrative offices and equ pment, and $3.100 for bad debt expense