Hesterman 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): April May June July Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate Credit sales are collected: 40% in the month of the sale 60% in the following month $ 118 7,800 9,400 14,000 12,100 The expected cash collections for May is closest to: 3 pounds $ 3.00 per pound 2.8 direct labor-hours $ 25.00 per direct labor-hour The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs.

Hesterman Corporation makes one product and has provided the following information to help prepare the master budget far the next lour months of operations: Credit gales are collectod: 40% in the month of the sale 60W in the following month The ending finished goods inventory should equat 40 w of the following monthis soles. The ending raw materials inventory should equal 20% of the following monthis raw materiais production needs. The expected cash colliections for May is closest to