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Bonkowski Corporation makes one product and has provided the folowing information to help prepare the mastor budget for the next four months of operations the next four nonths of operations Dadgeted selling price per units Budgeted unit sales (all on credit): 97 anuary FebruaryY March April 10,000 12,000 13, 300 15, 200 Rav materials requirenent per unit of output Rav materials cost Direct labor requirement per unit of pounds $1.00 per pound direct labor- output 2.5 2hours s 23.00 per direct labor- $ 9.00 per direct labor- Direct labor vage rate Predetermined overhead rate (all variable) Variable selling and adainistrati3.10 per unit sold expense Fixed selling and administrative expense $70,000 per month Credit sales are collected 30% in the month of the sale 70%-in the following month Raw materiahs purchases are paid 30%in noith of purchase 70% inthe foloweng month The endrig bmied goods inventory should equai 30% of the totoang month's sales. The ending raw materials inventory should equal% 0, the following month's raw materials podct on needs the company estimates that it will need 55,480 pounds of raw material to p satishy production needs in March, then the raw materials invertory balance at the end of February should be closest to Mutiple Choice 55308 50352 5548