Silver Corporation has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $76 Budgeted unit sales (all on credit):

January 9,500

February 9,900

March 10,600

April 12,600

Raw materials required per unit of output 3 pounds

Raw materials cost $5.00 per pound

Direct labor requirement per unit of output 2.2 direct labor-hours

Direct labor wage rate $18.00 per direct labor-hour

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 10% of the following month's sales. The ending raw materials inventory should equal 40% of the following month's raw materials production needs.

Required:

1. If 32,400 pounds of raw materials are needed for production in March, how many pounds of raw materials should be purchased in February?

2. What is the estimated cost of raw materials purchases for February?

3. If the cost of raw material purchases in January is $145,680, then in February what are the total estimated cash disbursements for raw materials purchases?

4. What is the estimated accounts payable balance at the end of February?

5. What is the estimated raw materials inventory balance at the end of February?

6. What is the total estimated direct labor cost for February assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?