5 pts Davis Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation. If the budgeted direct labor time for December is 4,000 hours, then the predetermined manufacturing overhead per direct labor-hour for December would be $9.20 $30.70 $23.20 O $1.70 MacBook Air Wala Incorporated bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $8.20 per unit. The budgeted fixed selling and administrative expense is $132.800 per month, which includes depreciation of $14,400. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 8.00 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July, B IVA:A-I E* 3 1. x X, DEE - 3? V GT 12pt Paragraph Composer une months of operations theted sceperunt 3 Budgeted unit se all on credit January 10.000 February 12.000 March 13,300 April 15,200 Raw materials requirement per unit of output 4 pounds Raw materials cost $1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23,00 per direct labor-hour Predetermined overhead rate (all variable) $ 9.00 per direct labor hour Variable selling and administrative expense $3,10 per unit sold Fixed selling and administrative expense $70,000 per month Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10 of the following month's raw materials production needs. If the budgeted cost of raw materials purchases in February is $50,152, then the budgeted accounts payable balance at the end of Febru is closest to: MacBook Air