223) Hennagir Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Budgeted selling price per unit

$76

Budgeted unit sales (all on credit):

January

9,500

February

9,900

March

10,600

April

12,600

Raw materials requirement per unit

3

pounds

Raw materials cost

$5.00

per pound

Credit sales are collected:

40% in the month of the sale

60% in the following month

The ending finished goods inventory should equal 10% of the following month's sales. The ending raw materials inventory should equal 40% of the following month's raw materials production needs.

Required:

a.What are the budgeted sales for February?

b.What is the budgeted accounts receivable balance at the end of January (outstanding/ money not collected from the sales of January?

c.What are the expected cash collections for February?

d.What is the budgeted accounts receivable balance at the end of February?

e.According to the production budget, how many units should be produced in February?

f.What is the estimated cost of raw materials purchases for February?

g.g. If the cost of raw material purchases in January is $145,680, then in February what are the total estimated cash disbursements for raw materials purchases?