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. Current Designs' policy is to have finished goods ending inventory in a quarter equal to % of the next quarter's anticipated sales. Preliminary sales projections for 2023 are units for the first quarter and units for the second quarter. Ending inventory of finished goods at December 31, 2021, will be rotomolded kayaks. Production of each kayak requires pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be % of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2021, is 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 \$ per pound, and the finishing kits cost $ each. Production of a single kayak requires hours of time by more experienced, type l employees and _ hours of finishing time by type II employees. The type l employees are paid \$ per hour, and the type II employees are paid \$ per hour. Selling and administrative expenses for this line are expected to be \$_per unit sold plus \$ per quarter. Manufacturing overhead is assigned at % of labor costs. (a) Prepare the production budget for this product line by quarter and in total for 2022. (b) On the next page, prepare the direct materials budget for this product line by quarter and in total for 2022. (Round cost per pound to 2 decimal places, e.g. 1.25 and other answers to 0 decimal places, e.3. 125.) Current Designs Direct Materials Budget (c) Prepare the direct labor budget for this product line by quarter and in total for 2022. Current Designs Direct Labor Budget (datc) (d) Prepare the manufacturing overhead budget for this product line by quarter and in total for 2022. Current Designs Manufacturing Overhead Budget (date) (e) Prepare the selling and administrative expenses budget for this product line by quarter and in total for 2022 Current Designs (date) Selling and Administrative Expense Budget Diane Buswell is preparing the 2022 budget for one of Current Designs' rotomolded kavals. Extensive meetings with members of the sales department and executive tearn huve resulted in the followire unit sales projections for 2022 Current Designs' policy is to huve finished goods ending inventory in a quarter equal to 15 of the nost quarter's anticipated sales. Prelimirary sales projections for 2023 are 1,100 units for the first quarter and 2,700 units for the second quarter Ending inventory of finlished goods at December 31, 2021, will be 315 rotomolded kayaks. Production of each kayak requires $8 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc) Company policy is that the ending inventory of potyethylene powder should be 20x of the arount noeded for production in the next quarter. Assume they are needed. As a result, Current Designs does not maintain a signitcant inventory of the finishine kits The polyethylene powder used in these kayaks costs $100 per pound, and the finsshing kits cont $150 each. Production of a single kayak requires 3 hours of time by more experienced, type lemployees and 4 hours of firuhing time by type ll employees. The type I emplopes are paid 519 per hour, and the type 1t emplopes are paid $16 per hour. Selline and administrative expenses for this line are expected to be $46 per unit sold phus $6,000 por quar ter: Marulacturing orerhesd he asigned at 160 W of labor costs