Donny's Dream Co. collects 55% of its accounts receivable In the month of sale and 40% in the month after the sale. Given the following sales, how much cash will be collected In June? Cash Budget - Collections May June $20,000 $60,000 $70,000 (Hint: Prepare a Cash Budget for collections.) $62.500 $38.500 $70.000 $28,000 $82.500 Question 8 12.5 pts Given the following information from Rudolf Enterprises' direct materials budget, how much direct materials needs to be purchased? Direct Materials Budget Transactions Cost & Units Units to be Produced 50.000 unit Direct Materials per Unit 2 pounds/unit Cost per Pound $5/pound Beginning Materials Inventory 15,160 pounds Ending Materials Inventory 15,840 pounds (Hint: Prepare a Direct Materials Budget.) 5246.600 $503.400 26.600 $655.600