Marigold's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Marigold's recipe requires 60 ounces of a commercial cookie mix, 7 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $12.00 per pound of milk chocolate, and $10.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 4 minutes of direct labor in the baking department. The standard labor rates in those departments are $15.00 per direct labor hour (DLH) and $24.00 per DLH, respectively. Variable overhead is applied at a rate of $30.00 per DLH: fixed overhead is applied at a rate of $54.00 per DLH. Calculate the standard cost for a batch of Marigold's double chocolate almond supreme cookies. (Round answer to 2 decimal places, eg. 3.51.) Standard cost per batch Edward Lewis, Bonita & Lewis Fabricators production manager. has just received the company's sales budget for the first quarter. March January February 21.000 30.000 Quarter Budgeted units sold 32.000 83,000 $17 $17 $17 $17 Budgeted sales price Budgeted revenue $357.000 $510,000 $544.000 $1.411.000 Budgeted sales of Aprilis 35.000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Edward plans to have 2,400 finished bricks at a cost of $49.280 in inventory at the beginning of the year Prepare Bonita & Lewis's production budget for the first quarter. Kimberly Young, Sheffield & Matthew Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. 4.2375 January $598,000 February March Budgeted revenue $676,000 Quarter $2,184,000 $910,000 The company makes all sales on credit. Kimberly recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible. The company expects to have anet accounts receivable balance of $98.200 on January 1, and this amount represents the remaining receivables from December's sales. Prepare Sheffield & Matthew's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank Do not enter :) Cash Receipts Budget January February March Total Cash Recel ber credit sales S 98200 S 5