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9: What is the estimated selling and administrative expense for February? (answer should be: $88,020)

11: What is the estimated cost of good sold for February? (answer should be: $1,066,360)

17: What is the budgeted accounts receivable balance at the end of February? (answer should be: $816,200)

18: What are the expected cash collections for February? (answer should be: $927,300)

Use the following information to answer questions 919 : Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: - The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500,10,600,12,000, and 11,700 units, respectively. All sales are on credit. - Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. - The ending finished goods inventory equals 30% of the following month's sales. - 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 $4.00 per pound. - Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. - The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. - Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. - The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000

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