Charm Enterprises' production budget shows the following units to be produced for the coming three months: A finished unit requires four ounces of a key direct material. The March 31 Raw Materials inventory has 2, 560 ounces (oz.) of the material. Each month's ending Raw Materials inventory should be 35% of the following month's production needs. The materials to be purchased during May should be: 11, 352 oz. 11, 520 oz. 7, 448 oz. 15, 384 oz. 7, 616 oz. Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%. Compute the total sales dollars to be reported on the sales budget for month ended June 30. $280,000. $297,000. $271, 600. $288, 400. $364,000. Zhang Industries budgets production of 300 units in June and 310 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate if $14 per hour. The indirect labor rate is $21.00 per hour. Compute the budgeted direct labor cost for July. $6, 300. $6, 510. $9, 450. $9, 765. $16, 275. Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000. $210,000. and $220, 500 respectively. Cash sales arc normally 25% of total sales and the remaining sales are on credit All credit sales are collected in the first month after the sale. Compute the amount of cash received for September. $150,000. $202, 500. $157, 500. $102, 500. $307, 500