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I uploaded the answers of the first part, it may help you. Please I need it ASAP, promise thumbs up. Current Designs 9 (Part Level

image text in transcribedimage text in transcribedimage text in transcribedI uploaded the answers of the first part, it may help you. Please I need it ASAP, promise thumbs up.

Current Designs 9 (Part Level Submission) 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 1,100 kayaks 1,700 kayaks 800 kayaks 800 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 1,700 units for the second quarter. Ending inventory of finished goods at December 31, 2019, will be 165 rotomolded kayaks. Production of each kayak requires 48 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 19,000 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 $1.00 per pound, and the finishing kits cost $140 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 I employees are paid $12 per hour, and the type II employees are paid $9 per hour. Selling and administrative expenses for this line are expected to be $41 per unit sold plus $6,000 per quarter. Manufacturing overhead is assigned at 140% of labor costs. Your answer is correct. Collapse question part 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 1,100 1,700 800 800 > > Add 4 Desired Ending Finished Goods Unit 4 255 120 120 165 Total Required Units 1355 1820 920 965 Less Beginning Finished Goods Unit 165 255 120 120 1190 1565 800 845 Required Production Units 4400 CURRENT DESIGNS Direct Materials Budget-Polyethylene Powder Quarter Q1 Q2 Q3 Q4 Total 1190 1565 800 845 Pounds of Polyethylene Powder Per Unit 48 48 48 48 57120 75120 38400 40560 " $ $ $ $ $ $ $ $

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