If you could type the formula and keys used so she can see I used the right formula that would be greatly appreciated.

urrent Design 2 Diane Buswell is preparing the 2017 budget for one of Current Design's rotomolded kayaks. Extensive meetings with 3 members of the sales department and executive team have resulted in the following unit sales projections for 2017 1,000 kayaks 1,500 kayaks 750 kayaks 750 kayaks Quarter 1 Quarter 2 Quarter 3 Quarter 4 o Current Designs' policy is to have finished goods ending inventory in a quarter equal to 20% of the next quarter's anticipated 11 sales. Preliminary sales projections for 2018 are 1,100 units for the first quarter and 1,500 units for the second quarter. Ending 12 inventory of finished goods at December 31, 2016, will be 200 rotomolded kayaks. 13 Production of each kayak requires 54 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company 14 policy is that the ending inventory of polyethylene powder should be 25% of the amount needed for production in the next 15 quarter. Assume that the ending inventory of polyethylene powder on December 31, 2016 is 19,400 pounds. The finishing kits 16 can be assembled as they are needed. As a result, Current Designs does not maintain a significant inventory of the finished kits 17 The polyethylene powder used in these kayaks cost $1.50 per pound, and the finishing kits cost $170 each. Production of a 18 single kayak requires 2 hours of time by more experienced, type l employees and 3 hours of finishing time by type Il employees. 19 The type I employees are paid $15 per hour, and the type ll employees are paid $12 per hour. 20 Seling and administrative expenses for this line are expected to be $45 per unit sold plus $7,500 per quarter. Manufacturing 21 overhead is assigned at 150% of labor costs 23 Instructions 24 Prepare the production budget, direct materials budget, direct labor budget, manufacturing overhead budget, and selling and 25 administrative budget for this product line by quarter and in total for 2017 26 NOTE: Enter a number in cells requesting a value, enter either a number or a formula in cells with a "?" 27 28 29 CURRENT DESIGNS Production Budget For the Year Ending December 31, 2017 31 32 Quarter 1 Value Quarter 2Quarter 3 Quarter 4 Value Total Value Value 35 36 37 38 39 Expected unit sales Add: desired ending finished goods units Total required units Less: beginning finished goods units Required production units Value Value Value 41 41 42 43 CURRENT DESIGNS Direct Materials Budget For the Year Ending December 31, 2017 45 Quarter 1 Value x 54 lbs Quarter 2Quarter 3 Quarter 4 Total Value x 54 lbs.x 54 lbs Value x 54 lbs Value x 54 lbs 47 Units to be produced Pounds of polyethylene powder per unit Total pounds needed for production Add: desired ending inventory of powder Total pounds of powder required Less: beginning inventory of powder Pounds of polyethylene powder to be purchased Cost per pound Cost of polyethylene powder to be purchased Cost of required finishing kits Total costs for direct materials 49 50 51 52 53 Value Value x $1.50 Value Value x $1.50 Value Value x $1.50 Value Value x $1.50 x $1.50 56 58 59 CURRENT DESIGNS Direct Labor Budget For the Year Ending December 31, 2017 61 63 Quarter 1 Value Quarter 2Quarter 3 Quarter 4 Value Total Value Value Units to be produced 65 Number of hours of more skilled labor/unit Total number of hours of more skilled labor Hourly rate for more skilled labor Total cost of more skilled labonr 67 x $15 x $15 x $15 x $15 x $15 69 Value Value Value Value Units to be produced Number of hours of less skilled labor/unit Total number of hours of less skilled labor Hourly rate for less skilled labor Total cost of less skilled labor Total cost for direct labor 72 73 74 75 76 x $12 x $12 x $12 x $12 x $12 78 CURRENT DESIGNS Manufacturing Overhead Budget For the Year Ending December 31, 2017 80 81 83 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Value x 1 50% Value x 1 50% Value Value Total costs for direct labor Manufacturing overhead rate per direct labor dollar Manufacturing overhead costs 85 86 87 x 1 50% x 1 50% x 1 50% 89 90 91 92 CURRENT DESIGNS Selling and Administrative Budget For the Year Ending December 31, 2017 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total 94 95 96 97 98 Value Value Value Value Expected unit sales Variable selling and administrative costs@$45/unit Fixed selling and administrative costs Total selling and administrative costs Value Value Value Value 100 101 After you have completed CD9 consider the following additional question. 102 1 103 104 105 Assume that each kayak requires 55 pounds of polyethylene powder and that ending inventory of polyethylene powder changed to 20% of the amount needed for production in the next quarter. Show the impact of these changes on the budgets