Morganton Company makes one product and provided the following information to help prepare its master budget:$*$ The budgeted selling price per unit is $$65.$ Budgeted unit sales for June, July, August, and September are $9,600,27,000,29,000,$ and $30,000$ units, respectively. All sales are on credit.$*$ Thirty percent of credit sales are collected in the month of the sale and $70\%$ in the following month.$*$ The ending finished goods inventory equals $30\%$ of the following month's unit sales.$*$ The ending raw materials inventory equals $20\%$ of the following month's raw materials production needs. Each unit of finished goods requires $4$ pounds of raw materials. The raw materials cost $$2\mathrm{.}50$ per pound.$*$ Twenty five percent of raw materials purchases are paid for in the month of purchase and $75\%$ in the following month.$*$ The direct labor wage rate is $$13$ per hour. Each unit of finished goods requires two direct labor$-$hours.$*$ The variable selling and administrative expense per unit sold is $$1\mathrm{.}60.$ The fixed selling and administrative expense per month is $$66,000.$

Please answer all three required parts to the question below:

Pt $1)$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$9$ per direct labor$-$hour,what are the estimated cost of goods sold and gross margin for July?

Pt $2)$ What is the estimated total selling and administrative expense for July $?$

Pt $3)$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$9$ per direct labor$-$hour, what is the estimated net operating income for July?