PTA Corporation budgeted its sales for the next seven months as follows: May June July August September October November Budgeted Sales $311,000 $364,000 $298,000 $325,000 $216,000 $347,000 $253,000 20% of the company's sales are cash sales and 80% of the company's sales are made on account. On average, 43% of the sales on account are collected in the month of sale, 24% is collected in the month following sale, 18% is collected in the second month following sale, and the remaining 15% is collected three months after the month of sale. The budgeted cash collections for the month of August would be equal to: TeN-6gy Company applies overhead to production on the basis of machine hours. TeN-6gy Company had the following estimated costs for 2033: .... . . Direct materials .. $64,000 Direct labor 80,000 Advertising expense 39,000 Depreciation on factory building 25,000 Rent on office building 30,000 Indirect materials ... 42,000 Production supervisor's salary 40,000 Sales commissions 50,000 Depreciation on factory equipment ... 34,000 . TeN-6gy Company estimates that 20,000 machine hours will be used during 2033. TeN-6gy Company's pre-determined overhead rate