TB MC Qu$.8-107($Static$)$ Michard Corporation makes one product and...

Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:

a$.$ The budgeted selling price per unit is $$125.$ Budgeted unit sales for April, May, June, and July are $7,600,10,500,13,800,$ and $12,900$ units, respectively. All sales are on credit.

b$.$ Regarding credit sales, $20\%$ are collected in the month of the sale and $80\%$ in the following month.

c$.$ The ending finlshed goods inventory equals $20\%$ of the following month's sales.

d$.$ The ending raw materials inventory equals $30\%$ of the following month's raw materials production needs. Each unit of finished goods requires $4$ pounds of raw materials. The raw materials cost $$2\mathrm{.}00$ per pound.

e$.$ Regarding raw materials purchases, $30\%$ are paid for in the month of purchase and $70\%$ in the following month.

f$.$ The direct labor wage rate is $$25\mathrm{.}00$ per hour. Each unit of finished goods requires $3\mathrm{.}0$ direft labor$-$hours.

g$.$ The variable selling and administrative expense per unit sold is $$3\mathrm{.}40.$ The fixed selling and administrative expense per month is $$80,000.$

If $54,480$ pounds of raw materials are required for production in June, then the budgeted raw material purchases for May is closest to:

Multiple Choice

$74,376$ pounds

$44,640$ pounds

$47\mathrm{.}592$ pounds

$60,984$ pounds