(b)

Prepare the direct materials budget for this product line by quarter and in total for 2020. (Round cost per pound to 2 decimal places, e.g. 1.25 and other answers to 0 decimal places, e.g. 125.)

CURRENT DESIGNS Direct Materials Budget-Polyethylene Powder December 31, 2020For the Month Ending December 31, 2020For the Year Ending December 31, 2020
		Quarter
		Q1		Q2		Q3		Q4		Total
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
AddLess : Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
AddLess : Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours		$		$		$		$
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours		$		$		$		$
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours
Beginning Inventory of PowderCost of Polyethylene Powder to be PurchasedCost of Required Finishing KitsCost Per PoundDesired Ending Inventory of PowderPounds of Polyethylene Powder Per UnitPounds of Polyethylene Powder to be PurchasedTotal Costs for Direct MaterialsTotal Pounds Needed for ProductionTotal Pounds of Powder RequiredUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Direct Labor CostTotal Required Direct Labor Hours		$		$		$		$		$

Current Designs 9 (Part Level Submission) Diane Buswell is preparing the 2020 budget for one of Current Designs' rotomolded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following unit sales projections for 2020. Quarter 1 Quarter 2 Quarter 3 Quarter 4 1,300 kayaks 2,100 kayaks 900 kayaks 900 kayaks Current Designs' policy is to have finished goods ending inventory in a quarter equal to 30% of the next quarter's anticipated sales. Preliminary sales projections for 2021 are 1,100 units for the first quarter and 2,100 units for the second quarter. Ending inventory of finished goods at December 31, 2019, will be 390 rotomolded kayaks. Production of each kayak requires 60 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 20% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2019, is 20,800 pounds. The finishing kits can be assembled as they are needed. As a result, Current Designs does not maintain a significant inventory of the finishing kits. The polyethylene powder used in these kayaks costs $1.20 per pound, and the finishing kits cost $160 each. Production of a single kayak requires 2 hours of time by more experienced, type I employees and 3 hours of finishing time by type II employees. The type I employees are paid $19 per hour, and the type II employees are paid $16 per hour. Selling and administrative expenses for this line are expected to be $46 per unit sold plus $8,900 per quarter. Manufacturing overhead is assigned at 150% of labor costs. (a) Your answer is correct. Prepare the production budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Production Budget For the Year Ending December 31, 2020 Q1 Q2 Q3 Q4 Total Expected Unit Sales 1,300 2,100 900 900 Add y Desired Ending Finished Goods Unit v 630 270 270 330 Total Required Units 1930 2370 1170 1230 Less Beginning Finished Goods Unit 390 630 270 270 1540 1740 Required Production Units 900 960 5140 anvCI > LU U Uclinai piaces, c.y. 120.) CURRENT DESIGNS Direct Materials Budget-Polyethylene Powder Quarter Q1 Q2 Q3 Q4 Total > $ $ $ $