Hillsdale corporation makes one product and it provided the following information to help prepare the Master budget for the next four months of operations a. Budgeted selling price is $ 104. Budgeted sales for October, November December and January are 6,900,7,700,11,300, and 15,300 respectively. All sales are on credit. b. Regarding credit sales, 30% are collected in the month of sale, and 70% in the following month. c. The ending finished goods inventory equals 20% of the following month's sales. d. The ending raw materials equal30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw material cost is $ 2 per pound. e. The direct labor wage rate is $ 23 per hour. Each unit of finished goods requires 2.5 direct labor hours. Compute the following: 1 The budgeted required production for November. 2. If 65,000 pounds of raw materials are required for production in December, the budgeted cost of raw material purchase for November. 3.Cost of labor for November. 4.Expected cash collections for November