Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations Budgeted selling price per unit Budgeted unit sales (all on credit): $ 92 July August September October 9,000 11,300 10,400 10,800 Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output 4 pounds s 1.00 per pound 2.8 direct labor-hours per direct labor- hour Direct labor wage rate $ 22.00 Variable selling and administrative expense 1.50 per unit sold Fixed selling and administrative expense $70,000 per month Credit sales are collected: 40% in the month of the sale 60% in the following month