May you please help with the following questions
Which of the following statements is correct? Select one: The sales budget is the starting point in preparing the master budget The direct materials budget is prepared before the production budget O The schedule of cash collections is prepared before the sales budget is prepared The production budget is prepared after the direct materials budgetABC is planning to produce 1000 units of Product A in January. 2022. Each unit of A requires 2 kilograms of direct materials at a cost of $4 per kilogram. To have enough direct materials to meet production and inventory needs, ABC plans to buy on account (on credit) 4,000 kilograms of direct materials in January 2022 at $4 per kilogram. ABC pays for their credit purchases as follows: 10% in the month of purchase and 90% in the month following the purchase. The accounts payable balance, which is all related to purchases of direct materials, at December 31, 2021 is $5,000. The cash amount that will be paid in January for direct materials purchases is expected to be: Select one: O $19,400 $7,000 $1,600 $6,600If a company is faced with a limited resource the company should focus on producing and selling products that have the Select one: lowest contribution margin per unit because they usually take less time to produce highest contribution margin per unit highest contribution margin per unit of limiting factorABC is planning for the following unit sales of Product A for January 2022. Each unit of product A sells for $21. Sales are 50% cash and 50% credit. 50% of credit sales are collected in the month of sale and the remaining 50% is collected in the month following the sale. The balance in the accounts receivable on December 31, 2021, is $10,000. January Unit sales Product A 2152 Required: Compute the expected amount of cash collections for the month of January 2022 Important Round your answer to two decimal places. Do not use $ signs, commas, or words. For example: enter "1234.00" and not "$1,245.00 per hour" Answer:ABC plans to produce 5000 units in January. Each unit requires 45 minutes of direct labour time to manufacture. The direct labour hourly rate is $8. Compute the amount of direct labour cost ABC should budget for in January. Important Round your answer to two decimal places. Do not use $ signs, commas, or words. For example: enter "1234.00" and not "$1,245.00 per hour