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Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The
Michard 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 $ Budgeted unit sales for April, May, June, and July are and units, respectively. All sales are on credit.Regarding credit sales, are collected in the month of the sale and in the following month.The ending finished goods inventory equals of the following month's sales.The ending raw materials inventory equals of the following months raw materials production needs. Each unit of finished goods requires pounds of raw materials. The raw materials cost $ per pound.Regarding raw materials purchases, are paid for in the month of purchase and in the following month.The direct labor wage rate is $ per hour. Each unit of finished goods requires direct laborhours.The variable selling and administrative expense per unit sold is $ The fixed selling and administrative expense per month is $ The budgeted required production for May is closest to:
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