ABC Com pany makes one product and it provided the following information to help prepare the master budget for its fourth months of operations: a. The budgete selling price per unit is 70. Budgeted unit sales for June. July. August and b iiiember are 8.4002l10,000. 12.000 and 13,000 units. respectively. All sales are on credit. . v-percent of credit sales are collected in the month of sale and 60% In the following month. c. The ending nished goods inventory equals 20% of the following month's unit sales. d. The ending raw. materials equal 10% of the following month's raw materials production needs. Each unit of hnlshed product requires 5 pounds of of raw materials. The raw materials cost 2 per pound. Thirty percent of raw materials purchases are paid for the menthol purchase and 70% in the e. following month. i. The direct labor wage rate is 15 per hour. Each unit of finished goods requires two direct labor hours. a. The variable selling and administrative expenses per unit sold is 1.80. The fixed selling and administrative expense per month is 60.000. Requirements: 1. What are the budgeted sales lor July? 2. What are the expected cash collections tor July? 3. What is the accounts receivable balance at the end of July? A. Accdg to the production budget. how rnanv units should be pro 5. it 61.000 pounds of raw materials are needed to meet production in Angus of raw materials should be purc 6. What is the estimated cost of raw materia 7. if the cost of raw materials purchases in June is 88. disbursements for raw materials purchases in July? 8. What is the estimated Accounts Payable at the end of July? 9. What is the estimated raw materials inventory balance at the e 10. What is the total estimated direct labor cost for July assuming the direct labor workforce Is he hours required to produce the forecasted number of units produced? adiusted to match t ses an estimated predetermined plantwlde overhead rate of 10 per duced in July? t. how many pounds based in July? is purchases for July? 880. what are the estimated cash balance at the end of July? ted nished pods inventory 5 margin fall-1W? 12. What is the estima 13. what is the estimated cos-tot goods sold and pros so. What is the estimated 15, What is the esma