Relevant data from Picta Company's operating budgets are presented below. The company's financial year ends on 30 June.

Sales Direct material purchases Direct labor Manufacturingoverhead Sellingand administration expenses Depreciation included in selling and admin istration expe nses Collection from customers Cash payments for purchases Quarter 1 $248,470 120,295 76,553 2,000 230,524 114,345 Quarte r 2 $251,539 128,832 74, 289 24, 400 33,500 2,500 220,116