Mike Cichanowski founded Wenonah Canoe and later purchased Current Designs, a company

that designs and manufactures kayaks. The kayak-manufacturing facility is located just a few minutes

from the canoe companys headquarters in Winona, Minnesota.

Current Designs makes kayaks using two different processes. The rotational molding process

uses high temperature to melt polyethylene powder in a closed rotating metal mold to produce a

complete kayak hull and deck in a single piece. These kayaks are less labour-intensive and less expensive

for the company to produce and sell.

Its other kayaks use the vacuum-bagged composite lamination process (which we will refer to as

the composite process). Layers of fiberglass or Kevlar are carefully placed by hand in a mold and are

bonded with resin. Then, a high-pressure vacuum is used to eliminate any excess resin that would

otherwise add weight and reduce strength of the finished kayak. These kayaks require a great deal of

skilled labour as each boat is individually finished. The exquisite finish of the vacuum bagged composite

kayaks gave rise to Current Designs tag line, A work of art, made for life.

Current Designs has the following managers:

Mike Cichanowski, CEO

Diane Buswell, Chief Financial Officer / Controller

Deb Welch, Purchasing Manager

Bill Johnson, Sales Manager

Dave Thill, Kayak Plant Manager

Rick Thrune, Production Manager for Composite Kayaks.

Requirements:

1. What are the primary accounting information needs of each manager?

2. Identify one special-purpose management accounting report that could be designed for each

manager. Include the name of the report, the information it would contain, and how frequently it

should be issued.