Petrin 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 $110. Budgeted unit sales for January, February March, and April are 7,500,10,600, 12,000, and 11700 units, respectively. All sales ore on credit. b. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c. The ending finished goods inventory equals 30% of the following month's soles. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. o. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. 9. Manufacturing overhead is entirely variable and is $8.00 per direct labor-noue. h. The variable selling and administrative expense per unit sold is $170. The fixed selling and administrative expense per month is $70,000, If the budgeted cost of raw materials purchases in February is $222,180, then the budgeted accounts payable balance at the end of February is closest Vf the budgeted cost of raw materials purchases in February is $222,180, then the budgeted accounts payable balance at the end of February is closest to: Multiple Choice $222,180 $08.072 $117.912 $433 308 Petrini 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 $110. Budgeted unit sales for January February March, and April are 7,500,10,600, 12,000, and 11700 units respectively. All sales are on credit. b. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month, c. The ending finished goods inventory equols 30% of the following month's sales. d. The ending raw materials inventory equals 10% of the following monthy's raw materials production needs. Each unit of finished goods requires 5 pounds of tow materials. The raw materials cost $4.00 per pound, e. Regarding row materials purchases, 40% are paid for in the month of purchase and 60% in the following month. The direct lobor wage rate is $23.00 per hour. Each unit of finished goods requires 26 direct labor hours. Manufacturing overhead is entirely variable and is $8.00 per direct labor hour. h The variable selling and administrative expense per unit sold is $170. The fixed selling and administrative expense per month is $70,000 The estimated unit product cost is closest to: (Round your intermediate calculations to 2 decimal places.) The estimated unit product cost is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $20.30 Sazao 579,80 $100.60
