The following information is known about Premiere Suits, which sells tailored, hand-detailed suits and provides alteration and tailoring services:

● The cash balance on November 1, 2022, is $40,000.

● The company's policy is to have on hand 10% of the suits estimated to be sold in the next month.

● The company wishes to keep 20% of next month's direct materials needs for production of suits.

● It takes 4 yards of direct materials for each premier finished suit; each yard costs $10.

● All purchases of materials are paid in cash.

● The budgeted direct salaries cost for the suits in November is $300,000, of which $39,600 is projected to apply to the alterations service revenue line.

● Budgeted total costs other than direct materials and alterations for November are $482,000. The factory overhead component is $310,000 (which includes $30,000 of depreciation) and the selling and administrative period expenses (of which $15,000 is for depreciation) are $172,000.

● All costs except for depreciation are paid as incurred.

● November taxes are anticipated to be $89,500 and interest will be $15,300. Both will be paid in November.

● The average suit sells for $275.

● Sales were 5,000 suits in October and are expected to be 6,000 in November, 8,000 in December, and 7,000 in January, 2023.

● Cash sales are expected to be 10%, and the rest of sales will be on credit. Of the credit sales, 80% are expected to be collected in the month of sale and the rest in the month following the sale.

● Alteration services revenue is projected to be $58,000 in November (all cash collected).

a. What are the budgeted production costs for November?

b. What is the budgeted inventory of direct materials on November 30?

c. What is the budgeted gross margin for November?

d. What is the budgeted net income for November? What is the benefit of analyzing items of income?

e. What are the expected operating cash receipts from the suits for November?

f. What is the expected cash balance on November 30?