At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30,000. At 10,000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $90,000. Fixed and variable costs may be expressed as: Select the correct response: $30,000 fixed plus $6 per direct labor hour variable. $60,000 fixed plus $6 per direct labor hour variable. $30,000 fixed plus $9 per direct labor hour variable. $60,000 fixed plus $3 per direct labor hour variable. ABC Company has projected sales to be P260,000 in June, P270,000 in July, and P300,000 in August ABC collects 30% of a month's sales in the month of sale, 50% in the month following the sale, and 20% in the second month following the sale. What is the accounts receivable balance on August 31 ? Select the correct response 90,000 P 210,000 P264,000 None of the above