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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

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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 seling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7500, 10.600, 12,000, and 11.700 units, respectively All saes are on credit b. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following manth c The ending finished goods invertory equals 30 % of the following month's sales d. The ending raw materials imventory 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 morth 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 isbor-hours g. Manufacturing overhead is entirely varisble and is $8.00 per direct labor-hour h. The variable selling and administrative expense per unit sold is $1.70. The fixed seling and administrative expense per month is $70,000 The budgeted required production for February is closest to Mutiple Choce 1020 unts 14200 unts 10,600 unts 17.380 unts

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