1. The budgeted selling price per unit is $125. Budgeted unit sates for April, May, June, and July are 7,600,10,500,13,800, and 12,900 units, respectively. All sales are on credit. 2. Regarding credit sales, 20% are collected in the month of the sale and 80% in the following monthi: 3. The ending finished goods inventory equals 20% of the following month's sales. 4. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. 5. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month 6. The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. 7. The variable selling and administrative expense per unit soid is $3,40. The fixed selling and administrative expense per month is $80,000. The estimated selling and administrative expense for May is closest to: $35,700 $77,130 $80,000 $115,700