Petrini Corporation makes one product and it provided the folowing information to help prepare the master budgot for the next four months of operations bruary, March, and Aporil ane 7,500, 10,800, 12,000, and 11,700 units, rospectively All saios are on oredt a. The budgeted selling price per unit is $110. Budgeted unit sales for January, Fe b.Reprdng credit, sales, 30% are col octed in the month of the sale and 70% inthe following month. c. The ending finished goods inventory ouals 30% of the following month's sales d. The ending raw materials nventory oquais 10% ofthe following month 's raw materials production needs. Each unit of firished goods requ os 5 pounds animatrus. The raw matrish cos $4.00 per pound e. Regarding . The direct labor wage rate is $23.00 per g. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour h. raw materials purchases, 40%-o paid for ithe month of purchase and 60% in the following month. hour. Each unit of finished goods requires 2.6 direct labor-hours a unit sold is $1.70. The fixed seling and administrative expense per month is $70,000 The variable selling and administrative expense per The budgeted accounts receivable bailance at the end of February is closest to 777,000 $1,166,000 a16.200 $349,800