Morganton Company makes one product and it provided the following information to help prepare the master budget:

a$.$ The budgeted selling price per unit is $$65.$ Budgeted unit sales for June, July, August, and September are $9,900,30,000,32,000,$ and $33,000$ units, respectively. All sales are on credit.

b$.$ Forty percent of credit sales are collected in the month of the sale and $60\%$ 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$$s raw materials production needs. Each unit of finished goods requires $4$ pounds of raw materials. The raw materials cost $$2\mathrm{.}50$ per pound.

e$.$Forty percent of raw materials purchases are paid for in the month of purchase and $60\%$ in the following month.

f$.$The direct labor wage rate is $$12$ per hour. Each unit of finished goods requires two direct labor$-$hours.

g$.$ The variable selling and administrative expense per unit sold is $$1\mathrm{.}90.$ The fixed selling and administrative expense per month is $$69,000.$

$1.$ What are the budgeted sales for July?

$2.$ What are the expected cash collections for July?

$3.$ What is the accounts receivable balance at the end of July?

$4.$ According to the production budget, how many units should be produced in July?

$5.$ If $129,200$ pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

$6.$ If $129,200$ pounds of raw materials are needed to meet production in August, what is the estimated cost of raw materials purchases for July?

$7.$ In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $$188,640$; and $$129,200$ pounds of raw materials are needed to meet production in August.

$8.$ If $129,200$ pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July?

$9.$ If $129,200$ pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?

$10.$ What is the total estimated direct labor cost for July?

$11.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$11$ per direct labor$-$hour, what is the estimated unit product cost? $($Round your answer to $2$ decimal places.$)$

$12.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$11$ per direct labor$-$hour, what is the estimated finished goods inventory balance at the end of July?

$13.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$11$ per direct labor$-$hour, what is the estimated cost of goods sold and gross margin for July?

$14.$ What is the estimated total selling and administrative expense for July?

$15.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$11$ per direct labor$-$hour, what is the estimated net operating income for July?