Required information [The following information applies to the questions displayed below] Marganton Compary makes one product and is provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $70. Budgeted unit saies for June, July, August, and September are 9,700, 28,000,30.000, and 31,000 units, respectively. All sales are on credit. b. Forty percent of cedit soles are collected in the month of the sale and 60% in the following month. 6. The entiing tinished goods inventory equais 20% of the folowing month's unit sales. d. The ending raw materials invertory equals 10% of the following month's raw materials production needs. Each unit of finished gooos requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thiry percent of raw materisis purchases are paid for in the month of purchase and pos in the following month. 6. The direct inbor wape rate is $15 per hour, Each unit of finished goods requires two diect labor hours. 9. The variabie seling and administrative expense per unit sold is 51.70 . The fixed selling and administrative expense per month is $57,000. 13. If we issiame that there is no fised manufacturing overhead and the variable manufacturing overhesd is $10 per direct labor hour. whit is the estirneted cou of gooos soid and gross mergin for July? 14. What is the estimated total selling and administrative expense for July? 15. If we askume that there is no flxed manufacturing oveshesd end the variable menufocturicg ovechesd is sto per direct labor-htout What it the estimated net operimting inconte for July