Petini Corpocation makes one product and it provided the following information to help prepare the master budget for the next four monthe of operations: b. Kegarding creolt sales, 30% are collecteo h the month ot the sale and I%% in the tollowing month. c. The ending finished goods irventory equals 30% of the following month's sales. e. Regarding faw materials purchases, 40% are paid tor in the month of purchase and 60% in the following month. f. The direct labor wage rate is 523.00 per hour. Cach unit of finished goods requires 26 direct labor-hours. g. Manufacturing pverhead is entirely variable and is $B.00 per drect laber-heur. h. The variabie selling and adiministrative expense per unit sold is $170. The fixed seling and administrative expense per month is $70,000 The estimated net operating income lloss) for February is dosest to: Multiple Ehaine $11,620 381,620 $41,000 329.640