Silver Corporation has provided the following information to help prepare the master budget for

the next four months of operations:

Raw materials requirement per unit of output

Raw materials cost

Direct labor requirement per unit of output

Direct labor wage rate

$3$ pounds

$$5\mathrm{.}00$ per pound

$2\mathrm{.}2$ direct labor$-$hours

$$18\mathrm{.}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:

a$.$ What are the budgeted sales $($$$)$ for February?

b$.$ What are the expected cash collections $($$$)$ for February?

c$.$ What is the budgeted accounts receivable balance $($$$)$ at the end of February?

d$.$ According to the production budget, how many units should be produced in February?

e$.$ If $32,400$ pounds of raw materials are needed for production in March, how many pounds of

raw materials should be purchased in February?

f$.$ What is the estimated cost of raw materials purchases $($$$)$ for February?

g$.$ 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?

h$.$ What is the estimated accounts payable balance $($$$)$ at the end of February?

i$.$ What is the estimated raw materials inventory balance $($$$)$ at the end of February?

j$.$ What is the total estimated direct labor cost for February?

k$.$ If the variable overhead rate is $$8\mathrm{.}60$ per direct labor$-$hour and the company's budgeted fixed

manufacturing overhead is $$107,970$ per month, which includes depreciation of $$9,760,$ what is

the cash disbursement for manufacturing overhead$($$$)?$