Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone help me with this ? Can someone help me solve this please Current Designs Kayak Company Production Cost Data Standared costing for raw

can someone help me with this ?

image text in transcribedimage text in transcribedimage text in transcribedCan someone help me solve this please

Current Designs Kayak Company Production Cost Data Standared costing for raw materials and labor \begin{tabular}{lrrrr} Standard Quantities & Composite & & Rotomold & \\ \cline { 2 - 3 } Polyethylene powder & 60 & 59 & pounds \\ Finishing kit & 1.00 & 1.00 & each \\ Type l labor & 2.10 & & 1.80 hours \\ Type ll labor & 2.96 & 2.20 hours \end{tabular} Standard Costs PolyethylenepowderFinishingkitsTypellaborrateTypelllaborrate$$$$3.00185.0019.0014.00$$$$3.00155.0016.0011.00perpoundperkayakperhourperhour Expected unit sales Number of composite kayaks Number of rotomolded kayaks Inventory Requirements Polyethelene 25% of amount required for production in the next quarter Finished goods 20% of projected sales for next quarter Finish kits 10% of amount required for production in the next quarter Cash collections and disbursements All sales are made on account. 50%6 collected in the quarter sold, the balance is collected in the following quarter Expenses are paid: 80%6 in the quarter they are incurred, 20%6 in the following quartert Percentage of completion at end of period For composite kayaks For rotomolded kayaks Current Designs Kayak Company Production Budget Current Designs Kayak Company Direct materials Budget

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitality Management Accounting

Authors: Michael M. Coltman, Martin G. Jagels, Martin Jagels

7th Edition

0471348848, 978-0471348849

More Books

Students also viewed these Accounting questions

Question

Th ey have to wait a long time for an appointment?

Answered: 1 week ago