Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can someone help me with this please, i have 1 hr to submit In this stage of the Current Designs project you will be required
can someone help me with this please, i have 1 hr to submit
In this stage of the Current Designs project you will be required to calculate cost and volume variances for the Composite and Rotomold products. The project includes a data page, a variance analysis page each for Composite and Rotomold. Also included are pages for calculating ACTUAL and BUDGETED OVERHEAD. Review and familiarize yourself with information included within the "data". 1 Note that the data includes both "budget" and "actual" cost and volume information. Prepare an analysis of Budgeted Applied Overhead using expected costs and 2 actual cost drivers found in the data. 3 Prepare an analysis of Actual Applied Overhead using actual costs and actual cost drivers found in the data. 4 Prepare a materials, direct labor, and overhead variance analysis for the Rotomold product. Note that analyses are required for each type of labor (I and II), each raw material (poly and finishing kits), and for ABC overhead 5 Prepare a materials, direct labor, and overhead variance analysis for the Composite product. Note that analyses are required for each type of labor (I and II), each raw material (poly and finishing kits), and for ABC overhead Current Designs Kayak Company Production Cost Data Miscellaneous financial informaton: Sellingandadministrativeexpenses-variableSellingandadministrativeexpenses-fixedManufacturingoverhead-fixedSellingpriceperunitTotalprofittargetCompositprofittargetRotomoldprofittarget$$$TBD$270,600.00$$400.00119,700.00240,000.00perkayak54,120.00216,480.00perkayakperyearperyear CURRFNT DESIGNS CURRENT DESIGNS VARIANCE ANALYSIS - Composite Direct Materials - finishing kits Budget Actual Overhead Budget Actual \begin{tabular}{llll} $ & & $ & \\ $ & & $ & \\ $ & & $ & \\ \hline \end{tabular} In this stage of the Current Designs project you will be required to calculate cost and volume variances for the Composite and Rotomold products. The project includes a data page, a variance analysis page each for Composite and Rotomold. Also included are pages for calculating ACTUAL and BUDGETED OVERHEAD. Review and familiarize yourself with information included within the "data". 1 Note that the data includes both "budget" and "actual" cost and volume information. Prepare an analysis of Budgeted Applied Overhead using expected costs and 2 actual cost drivers found in the data. 3 Prepare an analysis of Actual Applied Overhead using actual costs and actual cost drivers found in the data. 4 Prepare a materials, direct labor, and overhead variance analysis for the Rotomold product. Note that analyses are required for each type of labor (I and II), each raw material (poly and finishing kits), and for ABC overhead 5 Prepare a materials, direct labor, and overhead variance analysis for the Composite product. Note that analyses are required for each type of labor (I and II), each raw material (poly and finishing kits), and for ABC overhead Current Designs Kayak Company Production Cost Data Miscellaneous financial informaton: Sellingandadministrativeexpenses-variableSellingandadministrativeexpenses-fixedManufacturingoverhead-fixedSellingpriceperunitTotalprofittargetCompositprofittargetRotomoldprofittarget$$$TBD$270,600.00$$400.00119,700.00240,000.00perkayak54,120.00216,480.00perkayakperyearperyear CURRFNT DESIGNS CURRENT DESIGNS VARIANCE ANALYSIS - Composite Direct Materials - finishing kits Budget Actual Overhead Budget Actual \begin{tabular}{llll} $ & & $ & \\ $ & & $ & \\ $ & & $ & \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started