Required informotion The Foundational 15 (Static) [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [The following information applies to the questions disployed below] Morganton Company makes one product and it provided the following information to help prepare the master budget a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July. August, ond September ore B.400: 10,000,12,000, and 13,000 units, respectively. All sales are on credit. b. Forty percent of credit soles ore collected in the month of the sole ond 60% in the following month. c. The ending finished goods inventory equols 20% of the following month's unit soles. d. The ending row materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The row materials cost $200 per pound. e. Thirty percent of raw moterials purchoses are poid for in the month of purchase ond 70% in the following month. f. The direct labor woge rote is $15 per hour. Eoch unit of finished goods requires two direct lobor-hours. 9. The variable selling ond odministrative expense per unit sold is $1.80. The fixed selling and odministrative expense per month is $60000 Foundational 8-10 (Static) 10. What is the total estimated direct labor cost for July