Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit Budgeted unit sales (all on credit): January February March April Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate Predetermined overhead rate (all variable) Variable selling and administrative expense Fixed 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 $97 10,000 12,000 13,300 15,200 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 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

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $97 Budgeted unit sales (all on credit): Raw materials requirement per unit of output Raw materials cost Direct labor requirenent per unit of output Direct labor wage rate Predetermined overhead rate (all variable) Variable selling and administrative expense Fixed seling and administrative expense 4 pounds $1.00 per pound 2.5 direct labor-hours \$ 23.60 per direct labor-hour $9.00 per direct labor-hour $3.10 per unit sold \$ 78,000 per month Credit sales are collected: 30% in the month of the salc 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 708 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 naw materiale nondirtinn nepris The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the foliowing month's raw materials production needs The budgeted accounts recelvable balance at the end of February is closest to Mult ple Choice. $776.000 $349.200 $814,800 $1,164,000