M) -CH 8. 9. 10 Petrine Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations The budgeted selling price per unit is to Budgeted unitses for January February March and Art are 7500. 10500 2.000 and 1.700 units, respectively. All sales are on credit Regarding credit sales, 30are collected in the month of the sale and 70% in the following month c. The ending finished goods inventory equals 30% of the following month's sales d The ending raw materials inventory equals 10% of the following month's raw materials production needs Each unit of the goods teguire 5 pounds of raw material. The raw materials co 5400 per pound e Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month The director wage rates 52300 per hour Each unit of the goods 25 are bor hours Manufacturing overhead is entirely variable and is $8.00 per direct labor hour n. The variable seling and administrative expense per unit sold is $170. The foed selling and administrative expense per month is $70,000 The estimated unit product cost is closest to Multiple Choice STRO WIER 0 0 0 Sirignano Corporation produces and sells one product. The budgeted selling price per unit is 584 Budgeted unit sales for October November December and January are 8.400, 12.000, 13,800, and 14,300 units, respectively. All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for November is closest to Multiple Choice o o o snos soo o Prev 4 of 28 Next SID