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Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a.

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Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $65. Budgeted unit sales for June July August, and September are 9,000, 21,000, 23.000, and 24,000 units, respectively. All sales are on credit b. 30% of credit sales are 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 unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.70 per pound. e. 20% of raw materials purchases are paid for in the month of purchase and 80% in the following month. f. The direct labour wage rate is $14 per hour. Each unit of finished goods requires two direct labour-hours. 9. The variable selling and administrative expense per unit sold is $1.60. The fixed selling and administrative expense per month is $60,000 Required: If the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labour-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.) Unit product cont

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