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 1.600 kayaks 1.150 kayaks 1.150 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 1,600 units for the second quarter. Ending inventory of finished goods at December 31, 2019 will be 390 rotomolded kayaks Production of each kayak requires 42 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, 2019. is 21.800 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 3 hours of time by more experienced, type l employees and 4 hours of finishing time by type ll employees. The type I employees are paid 512 per hour, and the type ll employees are paid $9 per hour Selling and administrative expenses for this line are expected to be 547 per unit sold plus $7.900 per quarter. Manufacturing overhead is assigned at 160% of labor costs. Prepare the production budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Production Budget Q3 eTextbook and Media Prepare the direct materials budget for this product line by quarter and in total for 2020. (Round cost per pound to 2 decimal places, 2.3.1 answers to decimal places, e.g. 125.) CURRENT DESIGNS Direct Materials Budget-Polyethylene Powder Q2 Prepare the direct labor budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Direct labor Budget More skilled labor 02 Q3 Less skilled labor Q1 e Textbook and Media Prepare the manufacturing overhead budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Manufacturing Overhead Budget 01 Q2 eTextbook and Media 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 02