Use the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c. The ending finished goods inventory equals 30% of the following month's sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. f. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. 1. Budgeted Sales (Feb) = 2. Cash Collection (Feb) = 3. A/R at the end of (Feb) = 4. Budgeted Production for (Feb) - 5. Materials to be purchased (Feb), - 6. R.M End Inv. (Feb) i Assume March Production need 59,550 ponds pounds. 7. A/p (end of Feb) = > Assume R.M. Purchased in Feb 55,545 8. Est. Diret Labor Cost (Feb) = 9. Total M.O. Cost (Feb). Assume Depreciation = $10,000, Cash M.0. = 10. Selling & Admin Exp =