Prepare the monthly DM purchases budget for (i) fabric and (ii) rope for the upcoming first quarter for Vaughn's sling-bag business (present quarter totals for each budget, as well). (Round square yards of DM per unit of fabric to 1 decimal place, e.g. 15.2. Round DM cost per linear yard of rope to 2 decimal places, e.g. 15.25.) Rope Rope February $ $ Vaughn's sling-bag company is now in its sixth year of operations. She credits much of her success to her hard-working great-aunt, who taught Vaughn the value of planning. Vaughn realizes she can't plan for every scenario, but she can plan for the most likely ones. This mindset is essential to Vaughn when it is time to budget for her business. She gathers the most likely sales volumes and resource usages for the upcoming period as follows. Additional information: - Budgeted selling price per unit: \$10. - Target ending FG inventory of sling bags: 15% of following month's sales volume. - Target ending DM inventory of fabric: 20% of following month's production needs. - Target ending DM inventory of rope: 40% of following month's production needs. - Budgeted Fixed MOH costs: supervisor salaries of $3,200 per month, depreciation on plant assets of $2,400 per month, property taxes and insurance of $1,200 per month