Prepare the monthly production budget for the upcoming first quarter for Vaughn's sling-bag business (present quarter totals for each budget, as well). Prepare the monthly production budget for the upcoming first quarter for Vaughn's sling-bag business (present quarter totals for each budget, as well). Vaughn's sling-bag company is now in its sixth year of operations. She credits much of her success to her hard-working great-aur taught Vaughn the value of planning. Vaughn realizes she can't plan for every scenario, but she can plan for the most likely ones. T 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 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