Assume the following budgeted information for a merchandising company: - Budgeted sales [all on credit} for November, December, and January are $241,000, $211,000, and $202,000, respectively. - Cash collections of credit sales are expected to be "35% in the month of sale and 25% in the month following the sale- - The cost of goods sold is always 65% of sales. - Each month's ending inventory equals 20% of next month's cost of goods sold. - 40% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month- - Monthly selling and administrative expenses that are paid in cash in the month incurred total $21,500. - Monthly depreciation expense is $21,000. The expected cash collections from customers in December are: Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month. Production budget: The ending finished goods inventory is always 25% of next month's unit sales. Direct labor budget: The direct labor-hours required per unit is 1.50 hours. The direct labor cost per hour is $18. What is the budgeted direct labor cost for July? Multiple Choice O $482,250 O $479,250 O $486,000 O $474,000Assume that a company provided the following information and assumptions from its master budget: Sales budge_t: Unit sales in June, July, and August are 20,000,18,000, and 11000, respectively. The selling price per unit is $80. All sales are on account. 209E: ofsales are collected in the month of sale and 80% are collected in the next month. Production budge_t: The ending finished goods inventory is always 25% of next month's unit sales. What is the required production in units for June\":I Multiple Choice 0 19,0 00 units 20,5 00 units 0 0 19,50 0 un its 0 21,000 units