The budgeted selling price per unit is $$70.$ Budgeted unit sales for June, July, August, and September are $8,400,10,000,12,000,$ and $13,000$ units, respectively. All sales are on credit.

Forty percent of credit sales are collected in the month of the sale and $60\%$ in the following month.

The ending finished goods inventory equals $20\%$ of the following month$$s unit sales.

The ending raw materials inventory equals $10\%$ of the following month$$s raw materials production needs. Each unit of finished goods requires $5$ kilograms of raw materials. The raw materials cost $$2\mathrm{.}00$ per kilogram.

Thirty percent of raw materials purchases are paid for in the month of purchase and $70\%$ in the following month.

The direct labour wage rate is $$15$ per hour. Each unit of finished goods requires two direct labour$-$hours.

The variable selling and administrative expense per unit sold is $$1\mathrm{.}80.$ The fixed selling and administrative expense per month is $$60,000.$

Required:

$1.$ What are the budgeted sales for July?

$2.$ What are the expected cash collections for July?

$3.$ What is the accounts receivable balance at the end of July?

$4.$ According to the production budget, how many units should be produced in July?

$5.$ If $61,000$ kilograms of raw materials are needed to meet production in August, how many kilograms of raw materials should be purchased in July?The budgeted selling price per unit is $$70.$ Budgeted unit sales for June, July, August, and September are $8,400,10,000,12,000,$ and $13,000$ units, respectively. All sales are on credit.

Forty percent of credit sales are collected in the month of the sale and $60\%$ in the following month.

The ending finished goods inventory equals $20\%$ of the following month$$s unit sales.

The ending raw materials inventory equals $10\%$ of the following month$$s raw materials production needs. Each unit of finished goods requires $5$ kilograms of raw materials. The raw materials cost $$2\mathrm{.}00$ per kilogram.

Thirty percent of raw materials purchases are paid for in the month of purchase and $70\%$ in the following month.

The direct labour wage rate is $$15$ per hour. Each unit of finished goods requires two direct labour$-$hours.

The variable selling and administrative expense per unit sold is $$1\mathrm{.}80.$ The fixed selling and administrative expense per month is $$60,000.$

Required:

$1.$ What are the budgeted sales for July?

$2.$ What are the expected cash collections for July?

$3.$ What is the accounts receivable balance at the end of July?

$4.$ According to the production budget, how many units should be produced in July?

$5.$ If $61,000$ kilograms of raw materials are needed to meet production in August, how many kilograms of raw materials should be purchased in July?

$6.$ What is the total estimated direct labor cost for july?