a. A company's sales are 20% in cash and 80% on credit. o 70% percent of credit sales are collected in the same month the sale occurred, 5% the month following the sale, and 25% in the second month following the sale. o Budgeted sales are expected to be $30,000 in January, $55,000 in February, $80,000 in March, and $50,000 in April. Calculate the budgeted total cash receipts in April. (2 marks) 512001 b. A company has budgeted production in units as follows: Quarter First Second Third Fourth Production in Units 85,000 15,000 85,000 40,000 o 5 kilograms of raw materials are needed for each unit produced. The company had 5,000 kilograms of raw materials at the start of the year. o Raw materials inventory at the end of each quarter is equal to 10% of the next quarter's production needs. Calculate the budgeted purchases of raw materials in the second quarter. (2 marks) Number c. A company budgeted to produce 65,000 units in October. The finished goods inventory on October 1 and October 31 were budgeted at 4,000 and 7,000 units, respectively. Each unit requires 2 hours of labour and the company pays an hourly rate of $17.5 per hour. Calculate the budgeted direct labour costs incurred in October. (2 marks) Number