Pettini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: 10 a. 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 $4.00 per pound. o. 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 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 expected cash collections for February is closest to The expected cash collections for February is closest to 26 Multiple Choice 5 01:34:03 $577,500 5927,300 $349,800 $825.000