The Sweeney Company is preparing a cash payments budget. The following terms relate to cash payments the company anticipates making during the and are of the upgr (Click the toon view the cash payment in Requirement Prepare a cash payments budget for Apr, Mary and June and for the quarter of a box in not used at the table leave the beasty dra) The Sweeney Company Cash Payments Budget For the Months of April through June Cash payments for direct materials 50% of cument month purchases 50% of last month's purchases April May June Quarter More info a. The company pays for 50% of a rect much the month of purches and the remainder the folowing month The company's purchases for March through June we anticipated to be as foliow March $113,000 April May $13000 $126.000 June 1 145.000 b. Direct labor is paid in the menth in which it is incurred. Died abortora month of the second quarter is budgeted as follows April May June $ 50.000 $ $8,000 $83.000 e. Manufacturing overhead is estimated to be 100% of direct labor each month. This monthly estimate includes $32,000 of depreciation on the plant and equipment All manufacturing overhead (excluding depreciation is paid in the