1a. The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information:

Sales at $530,000, all for cash.

Merchandise inventory on October 31 was $240,000.

The cash balance November 1 was $26,000.

Selling and administrative expenses are budgeted at $84,000 for November and are paid for in cash.

Budgeted depreciation for November is $41,000.

The planned merchandise inventory on November 30 is $270,000.

The cost of goods sold is 70% of the selling price.

All purchases are paid for in cash.

There is no interest expense or income tax expense.

The budgeted cash receipts for November are?

1b. LFM Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 4.4 hours of direct labor at the rate of $15.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.

The budgeted direct labor cost per unit of Product WZ would be?

1c. LFM Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.9 hours of direct labor at the rate of $18.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 30,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 520 and 100 units, respectively. Budgeted direct labor costs for June would be? (Do not round intermediate calculations.)