Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months o 21 operations: 97 Budgeted selling price per unit Budgeted unit sales (all on credit) January February March April 10,000 12,000 13,300 15,200 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor hour Predetermined overhead rate (all variable) $ 9.00 per direct labor- hour Variable selling and administrative expense $ 3.10 per unit sold Fixed selling and administrative expense $ 70,000 per month 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 following month's raw materials production needs