D Question 22 5.5 pts Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $110. Budgeted unit sales for January February March, and April are 7.500, 10,600, 12,000, and 11.700 units, respectively. All sales are on credit b. Regarding 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 month's sales d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. 1. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 26 direct labor-hours & Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour h. The variable selling and administrative expense per unit sold is $170. The fixed selling and administrative expense per month is $70,000. The expected cash collections for February is closest to: $825.000 $577,500 $349,800 $927.300