Assume Smart Touch Leaming estimates that 45% of their sales are for cash and 55% of their sales are on account. Also assume the company estimates that for its sales on account, 15% of the cash is collected during the current month while 85% of the cash is collected the following month. The Accounts Receivable balance for the company is $34,000 on March 1 , and budgeted sales for March is $140,000. What is the budgeted cash receipts from customers for March? (Round your answers to the nearest whole dollar.) A. $140,000 B. $142,550 C. $108,550 D. $165,550 Assume the following information for Smart Touch Leaming for the month of March when direct labor hours are considered the overhead allocation base: Total budgeted sales revenue =$150,000; Total estimated overhead costs =$30,000; Budgeted direct materials cost per tablet =$100; Budgeted direct labor hours =1,000. Calculate the predetermined overhead allocation rate for March. (Round your answers to the nearest whole dollar.) A. $30DLHr B. $100/DLH C. $150/DLHr D. None of the above