The following information applies to the questions displayed belowJ Morganton Company makes one product and it provided the following information to help prepare the master budget: art 10 of 15 a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300, 24,000, 26,000, and 27,000 units, respectively. All sales are on credit. b Forty percent of credit sales are collected in the month of the sale and 60% n the following ints month Skipped C. The ending finished goods inventory equals 30% of the following month's unit sales d The ending raw materials inventory equals 20% of the following month's raw materials e Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in f. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct g. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and production needs. Each unit of finished goods requires 4 pounds of raw materials The raw materials cost $250 per pound the following month labor-hours administrative expense per month is $63,000 eBook References Foundational 8-10 10. What is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match duce the ferecasted number of units produced