QUESTION 1 Mighty Moe manufactures trailer hitches for personal vehicles. The company has production levels budgeted for this period of 3,000 hitches. Each hitch requires 7.5 feet of steel to manufacture. The company has a policy of always having 250 feet of steel on hand at the end of the period, in case o excess demand. Last period orders were higher than expected, so the company ended the period with only 200 feet of steel on hand. Steel costs $10 foot What is the budgeted amount of cash to be paid for raw materials this month? TTT Arial 3(12pt) T.EE - ois i Path:p Words:0 UESTION 2 * Save and Submit to save and submit. Click Save All Answers to save all answers. Save