$ 92 Sevenbergen 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): July August 11,300 September 10,400 10,800 9,000 25 October Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate Variable selling and administrative expense Fixed selling and administrative expense Credit sales are collected: 40% in the month of the sale 60% in the following month 4 pounds $ 1.00 per pound 2.8 direct labor-hours per direct labor- $ 22.00 hour $ 1.50 per unit sold $ 70,000 per month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the 28 A