QUESTION 9 Needles Company manufactures product X. Needles estimates that 60,000 units of product X will be sold in the current year. Beginning inventory and ending inventory of direct materials are estimated at 20,000 pounds and 25,000 pound respectively. It requires 3 pounds of direct materials to produce one unit of product X. The cost per pound of direct materials is $4.00. What is the budgeted cost of direct materials purchases? a. $740,000. b. $700,000. C. $260,000. d. $370,000. QUESTION 10 Nutell Corporation began operations on September 1 of the current year. Budgeted sales for September and October are $260,000 and $380,000 respectively. All sales are on account. Of sales on account, 809% are expected to be collected in the month of sale and 209% in the following month. The cash collections in October are: a. $340,000. b. $356,000. C. $284,000. d. $304,000