1. Lester Production is planning to sell 600 boxes of ceramic tile, with production estimated at 580 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor- Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. pounds of clay mix in beginning inventory and wants to have 3,000 pounds in ending inventory. u) What is the total amount to be budgeled for manufacturning overhead for the month? Manufacturing overhead is applied at a rate of 110% of direct labor costs. Lester has 2,600 2) What is the total amount to be budgeted for direct labor for the month? mount o be budgeted pounts tor dret materias to te purchased 2 for the month? 2. Haley Company estimates its sales at 100,00o units in the frst quarter and that sales will increase by 10,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35-40% of the sales are for cash, 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. a) cash collections for the third quanter are budgeted how muchi7 3 pierce Merchandising Company expects to purchase $9o.000 of materials in March and $105,000 of materials in April. Three-quarters of all purchases are paid for in the month of purchase, and the other one- fourth are paid for in the month following the month of purchase. In addition, a 2% discount is received for payments made in the month of purchase How much will Apri's cash disbursements for materials purchases be