The Current Designs staff has prepared the annual manufacturing budget for the rotomolded line based on an estimated annual production of 4,880 kayaks during 2022. Each kayak will require 68 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.30 per pound, and the finishing kits cost $250 each. Each kayak will use two kinds of labor-2 hours of type I labor from people who run the oven and trim the plastic, and 3 hours of work from type Il workers who attach the hatches and seat and other hardware. The type I employees are paid $17 per hour, and the type ll are paid $14 per hour. Manufacturing overhead is budgeted at $425,880 for 2022, broken down as follows. Variable costs Indirect materials $53,680 Manufacturing supplies 73,200 Maintenance and utilities 97,600 224,480 Fixed costs Supervision 78,000 Insurance 14,800 Depreciation 108,600 201.400 Total $425,880 During the first quarter, ended March 31, 2022, 1,270 units were actually produced with the following costs. Polyethylene powder $114,068 317,750 Finishing kits Type I labor 43,180 Type Illabor 54,530 Indirect materials 13,970 Manufacturing supplies 19,076 Maintenance and utilities 28,270 Supervision 17.100 Insurance 3,700 Depreciation 27,150 Total $638,794 Prepare the annual manufacturing budget for 2022, assuming that 4,880 kayaks will be produced. (List variable costs before fixed costs.) CURRENT DESIGNS Rotomolded Line Manufacturing Budget For the Year Ended December 31, 2022 > $ < < < > > > < Prepare the flexible budget for manufacturing for the quarter ended March 31, 2022. Assume activity levels of 1.120, 1.220, and 1,270 units. (List variable costs before fixed costs.) Units to be Produced < < > < $ CURRENT DESIGNS Rotomolded Line Manufacturing Flexible Budget Report 1,120 1,220 $ 1,270 (c) Assuming the rotomolded line is treated as a cost center, prepare a flexible budget report for manufacturing for the quarter ended March 31, 2022, when 1.270 units were produced. (List variable costs before found costs) CURRENT DESIGNS Rotomolded Line Manufacturing Flexible Budget Report < < < > > > Budget Actual Neither (c) Assuming the rotomolded line is treated as a cost center, prepare a flexible budget report for manufacturing for the quarter ended March 31, 2022, when 1,270 units were produced. (List variable costs before fixed costs.) CURRENT DESIGNS Rotomolded Line Manufacturing Flexible Budget Report Budget Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable