4. The direct materials needed for production are expected to be $500,000 for the first quarter, $600,000 for the 2nd quarter, and $640,000 for the third quarter. The company desires to have 10% of next quarter direct material needs on hand at the end of each quarter. How much are expected material purchases in the 2nd quarter? (1 Point) $604,000 $64,000 $605,000 $506,000 5. A company plans to produce 15,000 units in the 1st quarter, and 20,000 units in the 2nd quarter. Each unit requires 3 labor hours. The labor rate is $20 per hour. Assume that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent emp ees who are guaranteed to be paid for at least 50,000 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 50,000 hours anyway. Any hours worked in excess of 50,000 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. How much does the company pay in total for direct labor in both the 1st and the 2nd quarter? (sum up both quarters) (1 Point) $2,600,000 $2,200,000 $2,300,000 $2,000,000 6. A company expects to make purchases of $50,000 in the first quarter and $70,000 in the second quarter. The company expects that 60% of a quarter's purchases will be paid in the quarter of purchase, and 40% will be paid in the following quarter. What are the estimated cash disbursements related to purchases in the 2nd quarter? (1 Point) $48,000 $72,000 $42,000 $62,000 7. A company expects to make purchases of $50,000 in he first quarter and $70,000 in the second quarter. The company expects that 60% of a quarter's purchases will be paid in the quarter of purchase, and 40% will be paid in the following quarter. What is the estimated accounts payable balance at the end of the 2nd quarter? M) (1 Point) $28,000 $42,000 $48,000 $0 8. A company expects to credit sales of $80,000 in he first quarter and $100,000 in the second quarter. The company expects that 30% of a quarter's credit sales will be collected in the quarter of sale, and 70% will be collected in the quarter following the sale. What are the estimated cash collections related to credit sales in the 2nd quarter? (1 Point) $56,000 $30,000 $86,000 $54,000 9. A company expects to credit sales of $80,000 in he first quarter and $100,000 in the second quarter. The company expects that 30% of a quarter's credit sales will be collected in the quarter of sale, and 70% will be collected in the quarter following the sale. What is the estimated balance in accounts receivable at the end of the 2nd quarter? [3) (1 Point) $0 $94,000 $30,000 0 $70,000 10. A company has a cash balance of $20,000 at the beginning of the 1st quarter. Cash receipts for the first quarter are expected to be $80,000, and cash disbursements $97,000. The company requires a minimum cash balance of $15,000 at the end of each quarter and may borrow any amount needed from a local bank (assume the company does not have any outstanding debt at the beginning of the first quarter). How much is the company expected to borrow in the first quarter? (1 Point) $17,000 $2,000 $12,000 $3,000