Three grams of scented oil are used for each bar of soap manufactured by the Soap Company. The cost of oil is $1.30 per gram. Inventory of scented oil at the end of the month should equal 25% of the next month's production needs. 500 grams of oil are on hand on February 1 st. Budgeted production is as follows: What is the cost of direct materials to be purchased in FEB? Tildy Corporation projected sales and production in units for the coming year as follows: Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month, which includes $21,000 of depreciation expense and are all paid in the month incurred. The accounts payable balance on March 31 totals $278.000, which will be paid in April. All units are sold on account for $12 each. Cash collections from sales are budgeted at 60% in the month of sale, 40% in the month following the month of sale. Accounts receivable on March 31 was $180,000. What is cash disbursements(payments) in April? Bodie Industries has budgeted the following information for March: If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month, and interest is paid monthly at 1% on the first day of the following month. The company had no debt before March 1. How much cash will the company need to borrow in March