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The usual starting point for a master budget is: Multiple Choice o the direct materials purchase budget the production budget. the budgeted Income statement the sales forecast or sales budget Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations 97 Budgeted selling price per unit Budgeted unit sales (all on credit) January February March 10,000 12,000 13.300 15,200 April Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor- hour Predetermined overhead rate all variable) $ 9.00 op per direct labor- hour Variable selling and administrative expense $ 3.10 per unit sold 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 materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following months raw materials production needs. The budgeted accounts receivable balance at the end of February is closest to Sa Corporation makes one product. Budgeted unit sales for January February March, and April are 9.900, 11400, 11,900 and 13.400 units, respectively. The ending finished goods Inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. If 61000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to Multiple Choice 0 O B1,900 pounds 0 58,900 pounds 0 2500 pounds 0 pounds