The following budget data were collected for a manufacturing firm: Component of Overhead cost #drivers Machine $60,000 2000 machine related costs hours Production line $100,000 100 batches re-tooling Adjustments $20,000 5,000 during adjustments assembly Total overhead $60,000 The firm will manufacture a batch of 100 units. The direct cost per unit is estimated to be $30 per unit and the batch will require 20 machine hours and 500 adjustments. Required: Estimate the full cost of the batch. 4 One hundred per cent (100%) of sales made by a firm is sold on credit. Experience shows the firm collects cash for 30% of credit sales in the month of the sale, 50% in the following month, and the remaining 20% the month after. The total sales achieved in June and July were $6,000 and $7,000 and the budget for August, September and October are $8,000, $7.500 and $7,500 respectively.- + Required: Produce a Schedule of Receipts showing the expected cash collections for August, September and October