Chapter 8 Homework Saved Help Save & Exit Submit Check my work Required information The following information applies to the questions displayed below] Morganton Company makes one product and it provided the following information to help prepare Part 7 of 15 the master budget 0.25 points a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,400, 10,000, 12,000, and 13,000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month of the sale and 60% in the following eBook month. C. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% 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 the t. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor- g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound. following month hours administrative expense per month is $60,000. 7 In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $88,880 Total cash disbursements