1. The DL budget, S&A budget, unit cost and budgeted income statement (5pts): P.S. Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: *The budgeted selling price per unit is $80. Budgeted unit sales for January, February, March, and April are 12,200; 12,600; 13,100; and 12,400 units, respectively. All sales are on credit. Regarding credit sales, 25% are collected in the month of the sale and 75% in the following month . The ending finished goods inventory equals 25% of the following month's sales. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost $2.00 per pound. Regarding raw materials purchases, 60% are paid for in the month of purchase and 40% in the following month. . . . *The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 2 direct labor-hours Manufacturing overhead is entirely variable and is $5.00 per direct labor-hour. administrative expense per month is $25,000. The variable selling and administrative expense per unit sold is $2.10. The fixed selling and What is the estimated direct labor cost for February? What is the estimated unit product cost? What is the estimated selling and administrative expense for February? What is the estimated net operating income (loss) for February? a. b. C. d