Diane Buswell is preparing the 2022 budget for one of Current Designs' rotomolded kayaks. Extensive meetings with members of the sales department and exccutive team have retuited in the following unit sites projections for 2022. Current Designs' poticy is to have finished goods ending imventory 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 2,700 units for the second quarter. Ending irwentory of finished poods at December 31.2021, will be 315 rotomolded kayaks Production of each kayak requires 58 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc). Compary poliky is that the ending inventory of polyethylene powder should be 20% of the amount nevdied for production in the noxt quar ter. Assurne that the ending inventory of polyethylene povifer on December 31, 2021, is 19,000 pound The finishing kits ean be assembled as thry are needed As a result, Current Designs does not maintain a significant inventory of the finishing kits. The polvethylene powder used in these kayaks costs $1.00 per pound, and the finkihing kits cost $150 exh. Production of a sinvele kayak requires 3 hours of time by more experienced, type lemgiones and 4 bours of finishing time by type ll employess, The type I employees are pald $19 per hour, and the type 11 employees are pald $16 per hour. Selting and administrative expenises for this line are expected to be $46 per unit soid plus $6,000 per guarter. Marwatacturing overhead is assigned at 160 of tabor costs (a) Prepare the production budget for this product line by quarter and in total for 2022