Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: $85 Budgeted selling price per unit Budgeted unit sales (all on credit): July August September October 9,400 11,700 10,300 11,200 Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate 2 pounds $2.00 per pound 2.1 direct labor-hours $25.00 per direct labor-hour Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 20% in the month of purchase 80% in the following month The ending finished goods Inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs. Required: a. What are the budgeted sales for August? b. What are the expected cash collections for August? c. According to the production budget, how many units should be produced in August? d. If 20,960 pounds of raw materials are needed for production in September, how many pounds of r materials should be purchased in August? e. If the cost of raw material purchases in July is $40,688, then in August what are the total estimate cash disbursements for raw materials purchases? 97, a) $21, 700 b)$65 x 11,700 - 994,500