ules: Global Marke X Question 8 - Chapter 8 Quiz - x [Solved] Question 1 Bonkowski x * [Solved] Question 1 Bonkowski x G Bonkowski Corporation makes x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#... G * IH apter 8 Quiz i Submitted 45/50 Total points awarded Help Exit Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of 8 operations: Budgeted selling price per unit $ 97 Budgeted unit sales (all on credit) : January 10 , 000 February 12 , 000 awarded March 13, 300 ored April 15 , 200 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor- hour Predetermined overhead rate (all variable) $ 9. 00 per direct labor- hour Variable selling and administrative expense $ 3. 10 per unit sold Fixed selling and administrative expense $ 70,000 per month Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% 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 10% of the following month's raw materials production needs. The estimated unit product cost is closest to