(The following information applies to the questions displayed below) Asgard Company makes one product, and has provided the following information to help prepare the master budget for its first four months of operations The budgeted selling price per unit is $70 Budgeted unit sales for June July August, and September are 9.400, 25.000 27000 and 28.000 units, respectively All sales are on credit Thirty percent of credit sales are collected in the month of the sale and 70% in the following month c The ending finished goods inventory equals 20% of the following month's unit sales The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 kilograms of raw materials. The raw materials cost $2.50 per kilogram e Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month 1 The direct labour wage rate is $15 per hour Each unit of finished goods requires two direct labour hours The variable selling and administrative expense per unit sold is $200 The fixed selling and administrative expense per month is $64 000 Required: 1 What are the budgeted sales for July Required: 1. What are the budgeted sales for July? Budgeted sales $ 1,750,000 2. What are the expected cash collections for July? Total cash collections $ 525,000 4. According to the production budget, how many units should be produced in July? Required production 25,400 units 5. If 108.800 kilograms of raw materials are needed to meet production in August, how many kilograms of raw materials should be purchased in July? Raw materials to be purchased pounds 10. What is the total estimated direct labour cost for July assuming the direct labour workforce is adjusted to match the hours required to produce the forecast number of units produced? Total direct labour cost 11. If the company always uses an estimated predetermined plantwide overhead rate of $10 per direct labour-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.) Unit product cost 14. What is the estimated total selling and administrative expense for July? Total selling and administrative expenses