The Master Budget Comprehensive summary problem Birdfeeders Unlimited makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores. $15 Sales price per birdfeeder 1.5 Board feet of wood required for each birdfeeder $4 Cost per board foot (actual) 10% Desired ending wood inventory stated as a percentage of next month's production requirements 20% Desired ending finished goods inventory (finished birdfeeders) stated as a percentage of next month's sales $550,000 Total cost of direct materials purchases in December 45% of direct materials purchases are paid in the month of purchase 55% of direct materials purchases are paid in the month after purchase **DATA SHEET - DO NOT ENTER ANSWERS HERE** \begin{tabular}{l|r} \hline & \multicolumn{1}{|c}{ Units } \\ \hline October actual sales (prior year) & 92,000 \\ \hline November actual sales (prior year) & 85,000 \\ \hline December actual sales (prior year) & 78,000 \\ \hline January projected sales & 80,000 \\ \hline February projected sales & 90,000 \\ \hline March projected sales & 95,000 \\ \hline April projected sales & 105,000 \\ \hline \end{tabular} 20% of the total sales are cash sales 80% of the total sales are credit sales The company's collection history indicates that: 80% of credit sales is collected in the month after the sale 10% is collected two months after the sale 6% is collected three months after the sale 4% is never collected 1. Prepare the sales budget, including a separate section that details the type of sales made (cash versus requirements and calculations, if applicable. If you copy/paste from the Instructions tab you will be marked marked wrong.l Birdfeeders Unlimited Cash Payments for Direct Materials Purchases For the Quarter Ended March 31