Please I need the answer for *(b) as in the picture. Also I need *(c) which says (Prepare the production budget)

No need to correct the mistake in *(a)

Diane Buswell is preparing the 2020 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 2020. Quarter 1 Quarter 2 Quarter 3 Quarter 4 1,900 kayaks 2,600 kayaks 1,550 kayaks 1,550 kayaks Current Designs' policy is to have finished goods ending inventory in a quarter equal to 15% of the next quarter's anticipated sales. Preliminary sales projections for 2021 are 1,100 units for the first quarter and 2,600 units for the second quarter. Ending inventory of finished goods at December 31, 2019, will be 285 rotomolded kayaks. Production of each kayak requires 44 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 25% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2019, is 19,800 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 $1.20 per pound, and the finishing kits cost $160 each. Production of a single kayak requires 4 hours of time by more experienced, type I employees and 5 hours of finishing time by type II employees. The type I employees are paid $18 per hour, and the type II employees are paid $15 per hour. Selling and administrative expenses for this line are expected to be $42 per unit sold plus $6,000 per quarter. Manufacturing overhead is assigned at 160% of labor costs. *(a) Your answer is partially correct. Try again. Prepare the production budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Production Budget For the Year Ending December 31, 2020 Q1 Q2 Q3 Q4 Total Expected Unit Sales 1900) 12600 1550 11550 Add. Desired Ending Finished Goods Unit 390 1233 233 1165 Total Required Units 12290 12833 1783 T1715) Less: Beginning Finished Goods Unit) 285 1390 1233 233 1550 1483 Required Production Units 2005) 12443 7480 *(b) Prepare the direct materials budget for this product line by quarter and in total for 2020. (Round cost per pound to 2 decimal places, e.g. 1.25 and other answers to 0 decimal places, e.g. 125.) CURRENT DESIGNS Direct Materials Budget-Polyethylene Powder Quarter Q1 Q2 Q3 Q4 Total Diane Buswell is preparing the 2020 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 2020. Quarter 1 Quarter 2 Quarter 3 Quarter 4 1,900 kayaks 2,600 kayaks 1,550 kayaks 1,550 kayaks Current Designs' policy is to have finished goods ending inventory in a quarter equal to 15% of the next quarter's anticipated sales. Preliminary sales projections for 2021 are 1,100 units for the first quarter and 2,600 units for the second quarter. Ending inventory of finished goods at December 31, 2019, will be 285 rotomolded kayaks. Production of each kayak requires 44 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 25% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2019, is 19,800 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 $1.20 per pound, and the finishing kits cost $160 each. Production of a single kayak requires 4 hours of time by more experienced, type I employees and 5 hours of finishing time by type II employees. The type I employees are paid $18 per hour, and the type II employees are paid $15 per hour. Selling and administrative expenses for this line are expected to be $42 per unit sold plus $6,000 per quarter. Manufacturing overhead is assigned at 160% of labor costs. *(a) Your answer is partially correct. Try again. Prepare the production budget for this product line by quarter and in total for 2020. CURRENT DESIGNS Production Budget For the Year Ending December 31, 2020 Q1 Q2 Q3 Q4 Total Expected Unit Sales 1900) 12600 1550 11550 Add. Desired Ending Finished Goods Unit 390 1233 233 1165 Total Required Units 12290 12833 1783 T1715) Less: Beginning Finished Goods Unit) 285 1390 1233 233 1550 1483 Required Production Units 2005) 12443 7480 *(b) Prepare the direct materials budget for this product line by quarter and in total for 2020. (Round cost per pound to 2 decimal places, e.g. 1.25 and other answers to 0 decimal places, e.g. 125.) CURRENT DESIGNS Direct Materials Budget-Polyethylene Powder Quarter Q1 Q2 Q3 Q4 Total