Required information [The following information applies to the questions displayed below.] Morganton Company makes one product and provided the following information to help prepare its master budget: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300, 24,000, 26,000, and 27,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63,000. 11. If we assume there is no fixed manufacturing overhead and the variable manufacturing overhead is $9 per direct labor-hour, what is the estimated unit product cost? Note: Round your answer to 2 decimal places. Unit product cost

Required information [The following information applies fo the questions displayed below] Morganton Company makes one product and provided the following information to help prepare its master budget: a. The budgeted seling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300. 24,000,26,000, and 27,000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equak 30% of the following month's unit sales. d. The ending raw materlats inventory equals 20% of the foliowing month's raw materials production needs. Each unit of finished goods tequites 4 pounds of raw materials. The faw materials cost $2.50 per pound. c. Thirty percent of raw materlals purchases are paid for in the month of purchase and 70% in the following month. 1. The diect labor woge rate is $14 per hout. Each unit of finished goods requires two direct labor hours. 9. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per monthis $63.000 11. If we assume there is no fixed manufacturing overhead and the vartoble manufacturing overhead is $9 per direct labor-hous what is the estimated unit product cost? Note: Round your onswer to 2 decimol pleces