Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations 2. The budgeted selling price per unit is $110. Budgeted unit soles 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 equals 30% of the following month's sales. 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 $400 per pound e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month 1. The direct labor wage rate is $23.00 per hour. Each unit of finished goods require. 26 direct labor.hours. g. Monufacturing 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 expected cash collections for February is closest to: 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 Apeil 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 The ending finished goods inventory equals 30% of the following month's sales 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. 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 26 direct labor hours. 9 Manufacturing overhead is entirely variable and is $8.00 per direct labor hout n. The variable selling and administrative expense pet unit sold is $170. The fixed selling and administrative expense per month is $70.000 The budgeted accounts receivable balance at the end of February is closest to 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 #1700 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 The ending finished goods inventory equals 30% of the following month's sales. 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. e 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-hout, n. The variable selling and administrative expense per unit sold Is $170. The fived selling and administrative expense per month is $70,000 If the company estimates that it will need 59.550 pounds of raw material to satisfy production needs in March, then the raw materials inventory balance at the end of February should be closest to su Petrine Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of Operations 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 11,700 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 equals 30% of the following month's sales. 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. e. 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 hour 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 to: Help Save & Exit Submit Petrine Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations The budgeted selling price per unit ls $110. Budgeted unit sales for January, February March, and April are 2,500,10,600, 12,000, and 1.700 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 The ending finished goods inventory equals 30% of the following month's sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires pounds of raw materials. The raw materials cost $4.00 per pound e. 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 26 direct labor hours 9. 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) Petrin Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations 20 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 equals 30% of the following month's sales. 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. e 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 26 direct labor hours. 9. Manufacturing overhead is entirely variable and is $8.00 per direct laborhout 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 finished goods Inventory balance at the end of February is closest to (Round your intermediate calculations to 2 decimal places) ve Help Save & Exit s 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 unts, 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 equals 30% of the following month's sales. 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. e. 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 hout h. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated cost of goods sold for February is closest to (Round your intermediate calculations to 2 decimal places.) Petrine 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 seles 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 equals 30% of the following month's sales. 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. e Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month t. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 26 direct labor-hours. 9 Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour 1. The variable selling and administrative expense per unit sold is $170. The fixed selling and administrative expense per month is $70,000 The estimated net operating Income (loss) for February is closest to (Round your intermediate calculations to 2 decimal places.)