Question: Please help with this account problem and show the work so I can understand it best I can. I will be sure to leave a
Please help with this account problem and show the work so I can understand it best I can. I will be sure to leave a review, thank you! 
Chapter 8: Budgeting Mumbower Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 10% in the month of purchase 90% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 40% of the following month's raw materials production needs. Required: a. What are the budgeted sales for May? b. What are the expected cash collections for May? c. What is the budgeted accounts receivable balance at the end of May? d. According to the production budget, how many units should be produced in May? e. If 23,260 pounds of raw materials are needed for production in June, how many pounds of raw materials should be purchased in May? f. What is the estimated cost of raw materials purchases for May? g. If the cost of raw material purchases in April is $19,064, then in May what are the total estimated cash disbursements for raw materials purchases? h. What is the estimated accounts payable balance at the end of May? i. What is the estimated raw materials inventory balance at the end of May? j. What is the total estimated direct labor cost for May assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? k. For simplicity, we will assume that there is no fixed manufacturing overhead and that the variable manufacturing overhead is $11 per direct labor hour. What is the estimated unit product cost
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