Samuelson Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: !!! (Click the icon to view the data.) How much cash will be paid out next month? Samuelson Corporation Cash Payments Budget Cash payments for direct materials: Current month's purchases Next month's purchases Cash payments for direct labour Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes Total cash payments i Data Table a. Samuelson Corporation pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. The current month's direct material purchases were $76,000, while Samuelson Corporation anticipates $83,000 of direct material purchases next month. b. Direct labour for the upcoming month is budgeted to be $31,000 and will be paid at the end of the upcoming month. c. Manufacturing overhead is estimated to be 160% of direct labour cost each month and is paid in the month in which it is incurred. This monthly estimate includes $15,000 of depreciation on the plant and equipment. d. Monthly operating expenses for next month are expected to be $43,000, which includes $2,300 of depreciation on office equipment and $1,500 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Samuelson Corporation will make an estimated tax payment of $7,500 next month. Print Done