Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: 92 Budgeted selling price per unit Budgeted unit sales (all on credit): July August September October 9,000 11,300 10,400 10,800 4pounds Raw materials requirement per unit of output Raw materials cost $ Direct labor 1.00per pound 10 pound 2.Bdirect labor-hours 22.00 per direct labor hour $ 1.50per unit sola Tequirement per unit of output Direct labor wage rate Variable selling and administrative expense Fixed selling and administrative expense Credit sales are collected: 40% in the month of the sale 60% in the following month $ 70,000 per month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs. llections for August is closest to: UUSI THOHILA expense Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sale The ending raw materials inventory should equal 30% of the following month's raw materials production needs. The expected cash collections for August is closest to: a o