Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: 18 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 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. d The ondinn raw matoriale 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% The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour h. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. Skipped the following month. The budgeted accounts receivable balance at the end of February is closest to: Multiple Choice $777000 $1.166.000 $816,200 $349,800