$ 97 Budgeted selling price per unit Budgeted unit sales (all on credit): January February March 10,000 12.000 13,300 15,200 April Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate 4 pounds $ 1.00 per pound 2.5 direct labor-hours $ 23.00 per direct labor hour $9.00 per direct labor- hour $ 3.10 per unit sold $ 70,000 per month Predetermined overhead rate (all variable) Variable selling and administrative expense Pixed selling and administrative expense 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. The estimated net operating income (loss) for February is closest to