TB Mc Qu. 8-108 Michard Corporation makes one product and...

TB MC Qu. 8-108 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 The budgeted seeing price per un is $125 Rudgeted unt sales for Apr May June and July are 7500, 10,500, 13.300 and 12.000 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 finished 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 $2.00 per pound e. Regarding raw materials purchases 30% are paid for in the month of purchase and 70% in the following month The direct labor wage rate is $2500 per hour Each unit of finished goods requires 30 direct labor hours. 9. The variable selling and administrative expense per unit sold is 5340 The fored selling and administrative expense per month is $80.000 54 480 pounds of raw materials are required for production in June, then the budgeted cost of raw material purchases for May is closest to Multiple Choice 0 $4,752 $89.280 O $121968 o $95.184