Uution Help The Monachine Company is preparing is cash payments budget. The following temas relate to cash payments the company anticipates making during the second quarter of the upcoming year. (Cick the lon to view the cash payment information) Requirement Prepare a cash payments budget for April May and June and for the quarter of a box is not used in the nove the box empty, do not orter 2000) blocket fre JKDM The Monachine Company Cash Payments Budget For the Months of April through June April May Cash payments for direct material 50% of current month purchases 50% of last month's purchases oblocks-can- Yu.mp3 June Quarter oblocks-deep- I-Np....mp3 More info Enter any number in the edit fields and then click Check Answer Pump3 The company parys for 50% of its direct materials purchases in the month of purchase remainder the following month. The company's direct materal purchases for March thro ate anticipated to be as follows March April May June 113000 137000 12,000 3 144.000 udioblock b. Direct laboris paid in the more in which is incurred Drect labor for each month of .mp3 Quarter is budgeted as follows 6 parts reruining hulu Ru a zero Cash payments for direct 50% of current month p 50% of last month's pur 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 $ 137,000 $ 124,000 $ 144,000 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 150% of direct labor cost each month. This monthly estimate includes $39,000 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 $ 75,000 $ 88,000 86,000 $ 93,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $10,000 for monthly depreciation on administrative offices and equipment, and $3,100 for bad debt expense. e. The company plans to pay $2,000 (cash) for a new server in May. 1. The company must make an estimated tax payment of $11,500 on June 15. Enter any number in the eg