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Morganton Company makes one product and it provided the following information to help prepare the master budget:

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 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$$s raw materials production needs. Each unit of finished goods requires $5$ pounds of raw materials. The raw materials cost $$2\mathrm{.}00$ per pound.

e$.$ Thirty percent of raw materials purchases are paid for in the month of purchase and $70\%$ in the following month.

f$.$ The direct labor wage rate is $$15$ per hour. Each unit of finished goods requires two direct labor$-$hours.

g$.$ The variable selling and administrative expense per unit sold is $$1\mathrm{.}80.$ The fixed selling and administrative expense per month is $$60,000.$

With the above information answer the following questions? $9$ through $15.$

$9.$ If $61,000$ pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?

$10.$ What is the total estimated direct labor cost for July?

$11.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$10$ per direct labor$-$hour, what is the estimated unit product cost?

$12.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$10$ per direct labor$-$hour, what is the estimated finished goods inventory balance at the end of July?

$13.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$10$ per direct labor$-$hour, what is the estimated cost of goods sold and gross margin for July?

$14.$ What is the estimated total selling and administrative expense for July?

$15.$ If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $$10$ per direct labor$-$hour, what is the estimated net operating income for July?

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