Magnolia, Inc., manufactures bedding sets. The budgeted production is for 12,800 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,800 yards with the desired ending balance of 6,100 yards of material. If the material costs $5.90 per yard, determine the materials budget for the year. Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 49,900 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $15.00 per hour. Determine the direct labor budget for this year. Big Wheel, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $20,400 for March and $89,400 for April. What are the budgeted cash receipts from sales on account for April