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 $ 118 Budgeted unit sales (all on credit): April 7,800 May 9,400 14,000 July 12,100 June Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate 3 pounds $ 3.00 per pound 2.8 direct labor-hours $ 25.00 per direct labor-hour Credit sales are collected 40% in the month of the sale 60% in the following month 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 The budgeted required production for May is closest to The budgeted required production for May is closest to: Multiple Choice O 11,240 units O O 9,400 units O 15,000 units O 18,760 units If 39.720 pounds of raw materials are required for production in June, then the budgeted cost of raw material purchases for May is closest to Multiple Choice $145 224 $124,992 S101,160 $104 760 The estimated direct labor cost for May is closest to: Multiple Choice O $786,800 O $31,472 O $534,000 O $281,000