Michard Corporation makes one product and it provided the following information to help prepare the master buatget for the rext four montris of operations a. The budgeted selling price per unit is 5125 . 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 credt sales, 20% are collected in the month of the sale and 80% in the following month. c. The ending finished goods inventory equals 20% of the following month's sales: d. The ending raw materiais inventory equaks 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. e. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month. 4. The direct labor wage rate is $25.00 per hour. Each unit of finhed goods reguires 3.0 direct labor-hours. 9. The variable seliing and administrative expense per unt soid is $3.40. The faed selling and administative expense per month is $80,000. The budgeted sales for May is closest to: Multipie Choice- 51,325,000 The budgeted sales for May is closest to: Muliple Choke $1725,000 5950.000 51,312.500 51,642,500