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 3,000 kayaks Quarter 2 3,400 kayaks Quarter 3 2,800 kayaks Quarter 4 2,800 kayaks Current Designs' policy is to have nished goods ending inventory in a quarter equal to 15% of the next quarter's anticipated sales. Preliminary sales projections for 2021 are 1,100 units for the rst quarter and 3,400 units for the second quarter. Ending inventory of nished goods at December 31, 2019, will be 450 rotomolded kayaks. Production of each kayak requires 56 pounds of polyethylene powder and a nishing 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, 2019, is 19,200 pounds. The nishing kits can be assembled as they are needed. As a result, Current Designs does not maintain a signicant inventory of the nishing kits. The polyethylene powder used in these kayaks costs $1.30 per pound, and the nishing kits cost $150 each. Production of a single kayak requires 5 hours of time by more experienced, type | employees and 6 hours of nishing time by type II employees. The type | employees are paid $15 per hour, and the type II employees are paid $12 per hour. Selling and administrative expenses for this line are expected to be $45 per unit sold plus $7,500 per quarter. Manufacturing overhead is assigned at 140% of labor costs. Prepare the production budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Production Budget \fPrepare 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 O decimal places, e.g. 125.) CURRENT DESIGNS Direct Materials Budget-Polyethylen Q1 Q2 V V V V to to V $Prepare the direct materials budget for this product line by quarter and in total for 2020. (Round cost per pound toZ decimal places, e.g. 1.25 and other answers to 0 decimal places, es. 125.) CURRENT DESIGNS .terials Budget-Polyethylene Powder Quarter Q2 Q3 Q4 Total Prepare the direct labor budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Direct labor Budget More skilled labor Q1 Q2 Less skilled labor Q1 Q2 Prepare the direct labor budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Direct labor Budget Q2 Q3 Q4 TOTAL Q2 Q3 Q4 TOTAL Prepare the manufacturing overhead budget for this product line by quarter and in total for 2020. CURRENT DESI 0 Manufacturing Overhe Prepare the manufacturing overhead budget for this product line by quarter and in total for 2020. RRENT DESIGNS uring Overhead Budget Q3 Q4 TOTAL % % % % Prepare the selling and administrative expenses budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Selling and Administrative Expense Budget Prepare the selling and administrative expenses budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Selling and Administrative Expense Budget Q2 Q3 Q4 TOTAL