The production budget for Manner Company shows units to produce as follows: July, 720; August, 780; and September, 640. Each unit produced requires three hours of direct labor. The direct labor rate is budgeted at $16 per hour in July and August, but is budgeted to be $16.75 per hour in September. Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget July August 720 780 September 640 units Units to produce Direct labor hours needed Cost of direct labor Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $532,000 for April, $542,000 for May, and $567,000 for June. Total sales for March are $290,400. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May 532,000 542,000 June 567,000 Sales Cash receipts from: Total cash receipts Zisk Company purchases direct materials on credit. Budgeted purchases are April, $99,000; May, $129,000; and June, $139,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $89,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY April June Schedule of Cash Payments for Direct Materials May Materials purchases Cash payments for Total cash payments