Question 5 (CL04) (5 Marks) Morganton Company makes one product and it provided the followme Information to help prepare the master budget for its first four months of operations The budgeted selling price per 520 Bufted wore July Aunt and September are 8.100 100 12000 12000 respectively. All sales en Forty percent of credit silere collected in the set of the sale in the fol month The acting fushed to as 20% of the file d. The ending materials are also of the communale production needs Each materials contPage 6 17 + Question 5 (CL04) (5 Marks) Morganton Company makes one product and it provided the followme Information to help prepare the master budget for its first four months of operations The budgeted selling price per 520 Bufted wore July Aunt and September are 8.100 100 12000 12000 respectively. All sales en Forty percent of credit silere collected in the set of the sale in the fol month The acting fushed to as 20% of the file d. The ending materials are also of the communale production needs Each materials contPage 6 17 +