1. Webster Corporation is preparing a master budget for the first quarter of the year. The company budgets production of 3,060 units in January, 2,790 units in February and 3,690 units in March. Each unit requires 0.5 hours of direct labor. The direct labor rate is $12 per hour. Compute the budgeted direct labor cost for the first quarter budget. Q16 The Ballentine Company expects sales for June, July, and August of $57,000, $63,000, and $53,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month following sale, 45% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales?