Cash Budget

Capstone Publishers Inc. collects 20% of its sales on account in the month of the sale and 80% in the month following the sale.

If sales on account are budgeted to be $50,000 for April and $57,000 for May, what are the budgeted cash receipts from sales on account for May? $____

Direct Labor Cost Budget

Stevenson Publishers Inc. budgeted production of 36,000 diaries in 2016. Each diary requires assembly. Assume that 12 minutes are required to assemble each diary.

If assembly labor costs $12.5 per hour, determine the direct labor cost budget for 2016. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar. $_____

Direct Materials Purchases Budget

Marshall Publishers Inc. budgeted production of 35,000 diaries in 2016. Paper is required to produce a diary. Assume 90 square yards of paper are required for each diary. The estimated January 1, 2016, paper inventory is 158,000 square yards. The desired December 31, 2016, paper inventory is 142,000 square yards.

If paper costs $0.09 per square yard, determine the direct materials purchases budget for 2016. If required, round your final answer to the nearest dollar. $____