Problem! Prepare a master budget for McMilland Forest Encounters for the year ending December 31, 2021 using the following information. Prepare it per quarter. Use the tables provided by the professor. Fill it. Prepare the Sales Budget assuming: 1. Expected sales volume: 12,500 units for the first quarter, a decrease of 12% is expected for the second quarter, an increase of 10% for the third quarter, an increase of 20% for the fourth quarter, and a decrease of 5% for the first quarter of the next year. 2. The sales price should be $153.00 for the first two quarters and $175.50 for the last two quarters. Prepare the Production Budget assuming: 1. The company believes it can meet future sales needs with an ending inventory of 22% of the next quarter, for the first quarter, of 25% of the next quarter, for the next two quarters and 30% of the next quarter, for the last quarter. Prepare the Direct Material Budget assuming: 1. Ending inventory of raw material is expected to be 20% of total pounds needed for production of the next quarter for the first two quarters and 25% of the next quarter for the last two quarters. 2. Each product requires 6 Kilos of raw material. 3. The expected cost per kilos is $9.75. 4. The expected kilos needed for production in the first quarter of 2021 is an increase of 10% of the last quarter. Prepare the Direct Labor Budget assuming: 1. To produce a unit is required 5 hours of direct labor. 2. The hourly wage rate is expected to be $10.50