Current Attempt in Progress Diane Buswell is preparing the 2022 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 2022. Quarter 1 1.100 kayaks Quarter 2 1.700 kayaks Quarter 3 800 kayaks Quarter 4 800 kayaks Current Designs policy is to have finished goods ending inventory in a quarter equal to 15% of the next quarter's anticipated sales. Preliminary sales projections for 2023 are 1.100 units for the first quarter and 1,700 units for the second quarter, Ending inventory of finished goods at December 31, 2021. will be 16 165 rotomolded kayaks. Production of each kayak requires 48 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 25% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2021, is 19.000 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 $1.00 per pound, and the finishing kits cost $140 each. Production of a single kayak requires 3 hours of time by more experienced type l employees and 4 hours of finishing time by type II employees. The type ! employees are paid $12 per hour, and the type ll employees are paid 59 per hour. Selling and administrative expenses for this line are expected to be $41 per unit sold plus $6,000 per quarter. Manufacturing overhead is assigned at 140% of labor costs. Prepare the direct materials budget for this product line by quarter and in total for 2022. Round cost per pound to 2 decimal places 125 and other answers to decimal places, es 125) CURRENT DESIGNS Direct Materials Budget-Polyethylend For the owner 1.200 91 Q2 Q1 Beginning Inventory of Powder Cost of Polyethylene Powder to be Purchased Cost of Required Finishing Kits Cost Per Pound Desired Ending Inventory of Powder Pounds of Polyethylene Powder Per Unit Pounds of Polyethylene Powder to be purchased Total Costs for Direct Materials Total Pounds Needed for Production Total Pounds of Powder Required Units to be Produced Direct Labor Cost Per Hour Direct Labor Time Per Unit Total Direct Labor Cost Total Required Direct Labor Hours