Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answers this excel problem before 12:00 today CD16 - Excel Tutorial CURRENT DESIGNS Juegel Hollow Resort has ordered 20 rotomolded kayaks from Current Designs.

Please answers this excel problem before 12:00 today

image text in transcribed CD16 - Excel Tutorial CURRENT DESIGNS Juegel Hollow Resort has ordered 20 rotomolded kayaks from Current Designs. Each kayak will be formed in the rotomolded oven, cooled, and then the excess plastic trimmed away. Then, the hatches, seat, ropes, and bungees will be attached to the kayak. Dave Thill, the kayak plant manager, knows that manufacturing each kayak requires 54 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks cost $1.50 per pound, and the finishing kits cost $170 each. Each kayak will use two kinds of labor: 1.8 hours of more -skilled type I labor from people who run the oven and trim the plastic, and 3 hours of less-skilled type II labor from people who attach the hatches and seat and other hardware. The type I employees are paid $18 per hour, and the type II employees are paid $12 per hour. For purposes of this problem, assume that overhead is allocated to all jobs at a rate of 150% of direct labor costs. Instructions Determine the total cost of the Huegel Hollow order and the cost of each individual kayak in the order. Identify costs as direct materials, direct labor, or manufacturing overhead. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" . Cost for one kayak: Direct Materials Polyethylene powder Finishing kit ? ? Direct Labor More skilled Less skilled ? ? Manufacturing overhead ? Total cost of one kayak ? Cost for order of 20 kayaks: Cost per unit x 20 units ? After you have completed CD2, consider the following additional question. Assume that each kayak requires 60 lbs of polyethylene and cost of finishing kit changed to $180 per kit. Also assume that overhead is allocated to all jobs at a rate of 180% of direct labor costs. Show the impact 1. of these changes. , and bungees yethylene ost $1.50 per skilled type I ople who attach the oyees are paid $12 per ect labor costs. dentify costs as

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

Governmental And Nonprofit Accounting Theory And Practice

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

9th Edition

0132552728, 9780132552721

More Books

Students also viewed these Accounting questions