Masterson Company's budgeted production calls for 70,000 units in April and 66,000 units in May of a key raw material that costs $1.80 per unit. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 14,000 unit. What is the budgeted materials needed in units for April?

Multiple Choice

• 83,200 units.

• 56,000 units.

• 72,400 units.

• 70,000 units.

• 69,200 units.

  Western Company is preparing a cash budget for June. The company has $11,800 in cash at the beginning of June and anticipates $30,200 in cash receipts and $34,900 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must:

  Multiple Choice

• Repay $7,100.

• Borrow $4,700.

• Repay $2,900.

• Borrow $2,900.

• Borrow $10,000.