Direct Labor Cost Budget Grewett Publishers Inc, budgeted production of 33,000 diaries in 2016 . Each diary requires assembly. Assume that 10 minutes are required to assemble each diary. If assembly labor costs $16 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. Kerrie Publishers Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale. If sales on account are budgeted to be $78,000 for April and $62,000 for May, what are the budgeted cash recelpts from sales on account for May