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B

Marigold Company is preparing its direct labor budget for 2022 from the following production budget based on a calendar year: Each unit requires 2 hours of direct labor. The union contract provides for a 10% increase in wage rate to $22 per hour on October 1. Prepare a direct labor budget for 2022 Each unit requires 2 hours of direct labor. The union contract provides for a 10 increase in wage rate to $22 per hour on October 1. Prepare a direct labor budget for 2022. Direct labor time (hours) per unit Total required direct labor hours Direct labor cost per hour Total direct labor cost Units to be produced requires 2 hours of direct labor. The union contract provides for a 10% increase in wage rate to $22 per hour on October 1 . direct labor budget for 2022. Indigo, Inc has budgeted sales revenues as follows: Pant experience indicates that 60% of the credit sales will be collected in the month of sale and the remalning 40% will bet collected in the following month. Purchases of irwentory are all on account with 50% is paid in the month of purchase and 50% paid in the month following purchase. Budgeted inventory purchases are as follows: Other cash distursements budgeted: (a) velling and administrative expemes of $52.000 each month. (b) dividends of $107,000 will be paid in July, and (c) purchase of equipment in August for $32,000cash. The company's policy is to maintaina minimumcash balance of $50,000 at the end of each month. The company borrows money from the bank at 6% interest if necessary to maintain the minimum cash balance. Borrowed money is repaid in months when there is an excess cash balance. The beginning cash balance on July 1 was $50,000. Assume that borrowed money in this case is for one month. Prepare separate schedules for expected collections from custorners and expected payments for purchases of inventory. (Do not leave any answer field blank. Enter O for amounts.)