Question 5 1.5 points Save Answer Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: 1. The budgeted selling price per unit is $111. Budgeted unit sales for April, May, June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively. All sales are on credit. 2. Regarding credit sales, 40% are collected i the month of the sale and 60% in the following month. 3. The ending finished goods inventory equals 10% of the following month's sales. 4. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound. 5. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. 6. The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 2.9 direct labor-hours. 7. Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. If the budgeted cost of raw materials purchases in April is $207,650 and in May is $282,625, then in May the total budgeted cash disbursements for raw materials purchases is closest to: O $113,050 O $169,575 O $237,640 O $124,590