E xercise 13-1 Novak Company's bodgeted sales and Grect materials purchases are as follows Budgeted D.M. anury febeuery March Badgeted Sales $257 400 294,900 257,100 40,500 7,800 50,800 30% cash and 70% credit Credit sales are collected 10% the menth of sale, 50% n the month following sale and 36% in the second month folow ng sale; 4%, are uncollectible Novak's sales are purch es are 50% cash and 50% on account Purchases o, account are pad 40% r, the month of purchase and 60% n the north following purchase. Prepare a schedule of expected collections from custommers For March (Round answers to 0 decimal places, e.g. 2,500.) March Total collections Prepare a schedule of expected payments for direct materials for March. (Round answers to 0 decimal places, e.g. 2,500.) NOVAK COMPANY Expected Payments for Direct Materials March Total payments Click if you would like to Show Work for this question: Open Showi Work