After the founder of Chocolate Pops created a treat that is a combination of a cake pop and a chocolate truffle, sales increased quickly. Videos with the Chocolate Pops went viral on social media, and the owner quickly obtained a facility to make large quantities of the pops. The founder also hired a smart cost accountant to determine the best methods for accounting for the business activity and helping to budget for future costs. Since the production process is not highly automated, the accountant determined that budgeted direct labor-hours are appropriate for budgeting manufacturing overhead. Information concerning the budgeting process include: Variable manufacturing overhead is budgeted at $1.50 per direct labor-hour. Fixed manufacturing overhead is budgeted at $110,400 per month. The only portion of the fixed overhead that doesn't involve cash outflows is depreciation, which is budgeted at $19,770 per month. To manufacture the current demand for Chocolate Pops, management has estimated that 9,200 direct labor-hours will be required in the month of July. Required: 1. For the month of July, what would be the budgeted cash disbursements for manufacturing overhead? 2. For the month of July, what would be the predetermined overhead rate? (Round to two decimal places.) Better Bookkeepers provides accounting and bookkeeping services to several clients. The company also prepares its own budgets on a monthly basis to help management make necessary decisions about financing, staffing, etc. The cash budget is an important component of this budgeting process. When looking forward to July, the company anticipates a beginning cash balance of $24,000. They also have budgeted that they will receive cash of $103,000 in July and they expect to pay out cash of $96,000. Management at Better Bookkeepers would like to have an ending cash balance of $80,000 to provide a buffer for the next month's activities, and they can borrow up to $100,000 at a local bank if needed. Any interest on a loan would not be due untal the following month. Using the format below, balance. Better Bookkeepers cash budget for July, including any necessary borrowing to reach the desired ending cash At the Boef Bounty Ranch, management is concerned about cash fiow and has asked the ranch's accountant to prepare an analysis of expected future cash flows. The accountant gathered information and determined that expected monthly sales in the second half of the year should look something like this The fleef Bounty Ranch accountant has also looked at past months and has determined that: 30% of sales of catte are collected in the month of the sale 35\% of sales of catte are collected in month following the sale 35% of sales of cattle are collected in the second month following the sale. On July 1, the balance in the accounts receivable account was $92,000.$70,000 of that amount was yet to be collected from June sales of cattie, and $22,000 of that amount was still uncollected from May sales of cattle. Using this information, calculate the Beef Bounty Ranch's budgeted cash collections from cattle sales for July