8 Homework Saved Help Save& Exit Sub Check my wor Required information The following information applies to the questions displayed below Morganton Company makes one product and it provided the following information to help prepare 15 the master budget a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and b. Forty percent of credit sales are collected in the month of the sale and 60% in the following C. The ending finished goods inventory equals 20% of the following month's unit sales. September are 8,400, 10,000, 12,000, and 13,000 units, respectively. All sales are on credit. month. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and materials cost $2.00 per pound. following month. hours administrative expense per month is $60,000. 4. According to the production budget, how many units should be produced in July? Required production units K Prev 15 of 21 Next >