QUESTION 12 Norton Manufacturing expects to produce 2,800 units in January and 3,900 units in February. Norton budgets $45 per unit for direct materials. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $37.950. Norton desires the ending balance in Raw Materials Inventory to be 60% of the next month's direct materials needed for production. Desired ending balance for February is $51,000. What is the cost of budgeted purchases of direct materials needed for January? 0 $126,000 O $231,300 O $193,350 O $163,650 QUESTION 13 Burns Corp. has provided a part of its budget for the second quarter: Apr $42,000 May $43,000 Jun $45,000 Cash collections Cash payments: Purchases of direct materials Operating expenses Capital expenditures 4,500 6,000 20,000 7,000 7,000 20,000 4,500 4,500 10,000 The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June. O $60,500 O $34,500 O $79,500 O $25,500