4. The Ewing Company The Ewing Company budgeted sales for January February, and March of 96.00, 2,000, respectively. Seventy percent of sales are on credit. The company collects credit Thema l ects of credit sales in the following sale, and 40% sale, and 40% in the second month following te w e e s to all current and past sales? Flagstaff Company has budgeted production units of 7.900 for July and 8.100 for August. The direct materials requirement per unit is 2 ounces for). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units budgeted in the following month. There was 3,160 ounces of direct material in Inventory at the start of July. Prepare a direct materials budget for ulyssuming the materials cost $1.15 per ounce