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Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a.

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Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $111. Budgeted unit sales for April May June, and July are 7100 units, 10,100 units, 13,300 units, and 14,000 units, respectively. b. 20% of sales are cash sales: 80% of sales are credit sales. c. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. Required: Calculate the budgeted cash received from customers for the month of May. Budgeted cash received from customers for May

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