0.20 direct labor-hoursx in (he cup. ' . : 0': e: iiri 40.. :n the following quarter. ucous r proci s 2 , 50 per hour. guts, Management plans Required: Prepare the company's direct materas tpected cash for purchases of materials for de Prepare the company's de dd 2. direct labor workforce is an duce the forecasted nums fiscal year, assuming that the umber of hours required to pro- Additional stadent tesources are available with Connect L09-10 PROBLEM 9-17 Cash Budget; income Statement; Balance Sheet Lo9-2, Lo9-4, Lo9-8, Lo9-9, Minden Company is a wholesale distributor of premium European chocolates. The company's bal- ance sheet as of April 30 is given below: Minden Company Balance Sheet April 30 Assets $ 9,000 54,000 30,000 207,000 Inventory... Total assets . .. $300,000 Liabilities and Stockholders' Equity $63,000 14,500 180,000 42,500 $300,000 Accounts payable