23) 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 Budgeted unit sales (all on credit) $76 January February March April 9,500 9,900 10,600 12,600 3 pounds $5.00 per pound Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate 2.2 direct labor-hours $18.00 per direct labor-hour 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? 4900s% 752,400 b. What are the expected cash collections for February? c. What is the budgeted accounts receivable balance at the end of February? Page 5 of 12