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Secure Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments:

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How much cash will be paid out next month?

Data

Secure Corporation

Cash Payments Budget

Cash payments for direct materials:

$50\%$ of last month's purchases

$50\%$ of next month's purchases

Cash payments for direct labor

Cash payments for manufacturing overhead

Cash payments for operating expenses

Cash payment for taxes

Total cash payments

a$.$ Secure Corporation pays for $50\%$ of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $$76,000,$ while the company anticipates $$84,000$ of direct material purchases next month.

b$.$ Direct labor for the upcoming month is budgeted to be $$39,000$ and will be paid at the end of the upcoming month.

c$.$ Manufacturing overhead is estimated to be $160\%$ of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $$16,000$ of depreciation on the plant and equipment.

d$.$ Monthly operating expenses for next month are expected to be $$44,000,$ which includes $$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$.$ Secure Corporation will be making an estimated tax payment of $$7,800$ next month.

Please help complete the cash payments budget

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