Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operi a The budgeted selling price per unit is $125. Budgeted unit sales for April May June and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit b. Regarding credit sales 20 are collected in the month of the sale and in the following month The ending finished goods inventory equals 20 of the following month's sales. materials production needs. Each one of finished goods requires a pounds of raw materials. The raw materials cost $2.00 per pound. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month The direct labor wage rate is $25.00 per hour. Eachunk of finished goods requires 3.0 direct labor-hours 8 The variable selling and administrative expense per unit sold is 53.40. The fixed selling and administrative expense per month is $30,000 4 The budgeted tales for May does to O $1.725,000 $1,312,500 $950.000 51612.500 & Moving to another question will save this response # Type here to search OHHH