LRF Company?s budgeted sales and direct materials purchases are as follows. LRF?s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. LRF?s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March. (Round answers to 0 decimal places, e.g. 2,500.) (b) Prepare a schedule of expected payments for direct materials for March. (Round answers to 0 decimal places, e.g. 2,500.) *Exercise 9-8 Rodriguez, Inc., is preparing its direct labor budget for 2014 from the following production budget based on a calendar year. Prepare a direct labor budget for 2014. Wage rates are expected to be $15 for the first 2 quarters and $16 for quarters 3 and 4. U haven't started Firefox in a while. Do you want to clean it up for a fresh, like-new experience? And by the way, welcome back