anwser 1-4

Required information [The foliowing information applies to the questions displayed below.] Morganton Company makes one product and it provided the following information to help prepare the master budget a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,400 , 10,000,12,000, and 13,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materiais inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materlals. The raw materials cost $2.00 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.80. The fored selling and administrative expense per month is $50,000. 4. According to the production budget, how many units should be produced in July? S. if 51000 pounds of row materiais are needed to meet production in August, how many pounds of raw moteriais should be purchased in July? 10. What is the total estimated direct labor cost for July? 11. If we assume that there is no fixed manufacturing ovethesd and the variable manufacturing overhead is $10 per difect labor-hour, what is the esvimated unt product cost