QUESTION 2 Incorrect 0.00 points out of 8.00 P Flag question Developing a Master Budget for a Manufacturing Organization Cubs Incorporated manufactures a product with a selling price of $60 per unit. Units and monthly cost data follow Variable Selling and administrative Direct materials Direct labor Variable manufacturing overhead s 5 per unit sold 12 per unit manufactured 12 per unit manufactured 6 per unit manufactured Fixed $17,000 per month Selling and administrative Manufacturing (including depreciation of $ 11,000) 34,000 per month Cubs, Inc. pays all bills in the month incurred. All sales are on lls in the month incurred. All sales are on account with 50 percent collected the month of sale and the balance collected the following month. There are no sales discounts Inc. desires to maintain an ending finished goods inventory equal to 20 percent sales and a raw materials inventory equal to 10 percent of the following month's pr 2017, inventories are in line with these policies. Actual unit sales for December a January, February, and March of 2017 are as follows or bad debts. Cubs, of the following month's oduction. January 1, nd budgeted unit sales f CUBS INCORPORATED