Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$118Budgeted unit sales (all on credit): October 9,600November 10,100December 13,700January 11,300? Raw materials requirement per unit of output 3poundsRaw materials cost$4.00per poundDirect labor requirement per unit of output 2.7direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$12.00per direct labor-hour?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 10% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The budgeted accounts receivable balance at the end of November is closest to:
A. $795,000
B. $357,540
C. $834,260
D. $1,191,800
Answer: C
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