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o the questions displayed below] Morganton Company makes one product and it provided the following information to help prepare the master budget Part 5 of
o the questions displayed below] Morganton Company makes one product and it provided the following information to help prepare the master budget Part 5 of 15 a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300, 24,000, 26,000, and 27,000 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 olnts 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 Skipped eBook Print References production needs. Each unit of finished goods requires 4 pounds of raw materials The raw materials cost $2.50 per pound. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month f. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct g The variable selling and administrative expense per unit sold is $1.90. The fixed selling ano labor-hours. administrative expense per month is $63,000 Foundational 8-5 5. If 105,200 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July
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