AL)-CH 8, 9, 10 Help Seven Sum Petrin Corporation makes one product and it provided the following information to the prepare the master budget for the next four months of operations a. The budgeted selling price per unit is to Budgeted unites for January February Marchand or are 7500. 10.500 2.000 and 10700 units respectively. All sales are on credit b. Reading credit sales 30% are collected in the month of the sale and 70% in the following month c The ending finished goods inventory equals 30% of the following months sales d. The ending raw materials inventory equals 10% of the following months materials production needs. Each unit of the goods Teques 5 pounds of raw materials. The raw materials cost $400 per pound e Regarding raw materials purchases, 40 are paid for in the month of purchase and so in the following month The decabor wage rates 52300 per hour Each of the goods ores 25 de labor hours Manufacturing overhead is entirely variable and is $800 per det labor hour h. The variable selling and administrative expense per unit sold is $170. The selling and administrative expense per month $70,000 If the budgeted cost of raw materials purchases in February is 5222 180 then the budgeted accounts payable balance February is closest to the end of Multiple Choice w ER TYUTL S D F G H VIB NAI CHIBO 0 0 Bluemel All uses two measures of activity, nights and passengers in the cost formulas in as budgets and performance reports. The cost formula for plane operating costs is 543.670 per month plus 82,870 per tight plus $10 per passenger The company expected as acovey in December to be 5 fights and 281 passengers but the actual activity was 90 nights and 27 passengers. The actual coro operating costs in December was $314 740 The plane operating costs in the text budget for December would be closest to Murple Choice