Comprehensive Budget Project 2a West Slope Backpacks Manufacturing West slope Backpacks Manufacturing produces nylon backpacks and larger packs to sell to tourists visiting the Western United States and other tourist areas, The design of the two products is unique and represents a breakthrough in the industry. The company is completing its eight year of operations and is preparing to build its master budget for the coming year, 2018. The budget will detail each quarter's activity and the activity for the year in total. The master budget will be based on the following information: A. Projected 2018 unit sales for each quarter and for the first two quarters of 8 are as follows: Year 2018 2018 2019 2019 Second Quarter 207 900 138 600 184500 150.150 Fourth Quarter 136200 B. The selling price for the above quarters is projected at S55.00 per smaller bags and $175.00 per larger bag. C. West Slope carefully screens its customers and expects no uncollectable accounts. For budget purposes, each quarter has the following collection pattern: 10% of the total is cash sales, 40% of the total will be collected later in the quarter of sale, 50% of the total will be collected in the quarter following the sale. D. West Slope ended the current year (2017) with a finished goods inventory of 101,640 smaller bags and 55,440 larger bags. Because of a discouraging economic forecast, it plans to budget an ending inventory of20% of the next quarter's unit sales. The company's ending Work-in-Process inventory is expected to be $254,100 (this rumber will only be used in the Cost of Goods Manufactured Statement and Ba e Sheet), r i costs to make I finished product. E. The following are the bud r Backpacks Back Direct Material: .330 sq. yd. @S10.396 yd. 1.375 sq. yd. (asi0.396 yd Lining .110 sq. yd. (a S2.772 yd. .55 sq. yd. (a $2.772 yd. Direct Labor Cutting 10 hr. @S20.T9 hre -165 hr (a S2079 hr. Sewing .275 hr (a $34.65 hr, .44 hr S34-65 hr. Overhead. Per larger bag (a S3.58 Per Travel Bag (a S3.58 Variable