Time After Time manufactures watches. They have the following information available to prepare their master budget: Operating Expenses Variable Operating Costs $0.75 per unit Fixed Operating Costs $475,000 Other Info Units produced in 2019 28,000 Units sold in 2019 26,000 How much is total budgeted operating expense for 2019? $494,500 $496,000 $475,000 $515,500 Distribution Corporation collects 45% of a month's sales in the month of sale, 50% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $100,000 May budgeted sales $150,000 June budgeted sales $230,000 July budgeted sales $180,000 The amount of cash that will be collected in July is budgeted to be: $191,500 $81,000 $363,500 $203,500