Ruth Lewis is preparing the 2022 budget for one of Current Designs'rotomoulded kayaks Extensive meetings with members of the sales department and executive team have resulted in the following unit sales projections for 2022. Quarter 1 Quarter 2 Quarter 3 Quarter 4 2.100 layaks 2.700 kayaks 1.800 kayaks 1.800 kayaks Current Design policy is to have finished goods ending inventory in a quarter equal to 15% of the red 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 inventory of finished goods at December 31, 2021. will be 315 rotomoulded kayaks. Production of each layak requires 58 kg of polyethylene powder and a finishing kit (rope, seat. Hardware, etc. Company policy is that the ending inventory of polyethylene powder should be 20% of the amount needed for production in the next quarter. As that the ending inventory of polyethylene powder on December 31, 2021. i 19.500 kg. The finishing its can be assembled as they we needed. As a result, Current Designs does not maintain a significant inventory of the finishing its The polyethylene powdered in these dayak costs $1.00 per kilogram and the fishing its cost $150 each Production of single kors) hours and has not be The polyethylene powder used in these kayaks costs $1.00 per kilogram, and the finishing kits cost $150 each. Production of a single kayak requires 3 hours of time by more experienced, type I employees and 4 hours of finishing time by type II employees. The type! employees are paid $19 per hour, and the type II employees are paid $16 per hour. Selling and administrative expenses for this line are expected to be $46 per unit sold plus $6,000 per quarter. Manufacturing overhead is assigned at 160% of labour costs. Prepare the production budget for this product line by quarter and in total for 2022. CURRENT DESIGNS Production Budget For the Year Ending December 31, 2022 Q1 Q2 Prepare the production budget for this product line by quarter and in total for 2022. CURRENT DESIGNS Production Budget For the Year Ending December 31, 2022 Q1 Q2 Prepare the direct materials budget for this product line by quarter and in total for 2022. (Round cost per kg to 2 decimal places, 23. 1225 and other answers to decimal places, es 125) CURRENT DESIGNS Direct Materials Budget-Polyethylene Powe For the Year Ending December 31, 2022 Quarter Q1 02 Prepare the direct labour budget for this product line by quarter and in total for 2022 CURRENT DESIGNS Direct Labour Budget For the Year Ending Dec 31, 2022 Q2 Q3 More skilled labour 01 Les Less skilled labour Q1 Q2 Q3 Total labour costs Prepare the manufacturing overhead budget for this product line by quarter and in total for 2002 CURRENT DESIGNS Manufacturing Overhead Budget For the Year Ending Dec 31, 2022 92 01 Prepare the selling and administrative expenses budget for this product line by quarter and in total for 2022 CURRENT DESIGNS Selling and Administrative Budget For the Year Ending Dec 31, 2022 Q1 02 93
