Multiple Choice 52,100 pounds 72,155 pounds 87,785 pounds 56,525 pounds TB MC Qu. 8-131 (Static) Luchini Corporation makes one product and it... Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is \$111. Budgeted unit sales for April, May. June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively. All sales are on credit: b. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 10% of the following month's sales. d. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound. e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. f. The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 29 direct labor-hours. 9. Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. If 66,850 pounds of raw materials are required for production in June, then the budgeted raw material purchases for May is closest to: Multiple Choice 52100 pounds 72,155 pounds Wellmann Corporation is a service company that measures its output by the number of customers served The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for February. When the company prepared its planning budget at the beginning of February, it assumed that 35 customers would have been served. However, 31 customers were actually served during February. The spending variance for total expenses for February would have been closest to: Multiple Choice $3,000F $10.200F $10.200U