1. Pammie's Pies Month June Sales in Units 29,000 37,000 July Aug 31,000 Sept. 32,000 Oct. 29.000 The cost of the ingredients per ounce is $.30 Each cake requires 15 ounces of material The labor cost per hour is $18 Each cake requires 1 hour of labor. The manufacturing overhead cost is allocated based on direct labor hours. The predetermined overhead rate is $12 per hour Ending inventory of 30% of the succeeding month's sales is required Required: For the month of August; The direct materials budget;The direct labor budget ;The manufacturing overhead budget ;The total production cost budget. 2. Cash Forecasting Sallie's Socks Month Sales Revenue Feb 900.000 March 700,000 April 1,000,000 May 800,000 All sales are on credit: The cash collection pattern is as follows: Cash Collections in month of sale 500% Cash Collections in the month after sale 30% Cash Collections in the second month after sale 20%. Required: Calculate the cash collections in May