PLEASE HELP!! i have an assignment due soon i appreciate any help!

Question 1 / Assignment 1 SMOOTHWAVE is a company that produces two types of surfboards, the 'Flowy' and the 'Speedy Both surfboards are produced in a process that requires the manual processing of raw materials. Accordingly, the company operates two production related (primary) departments, 'Materials handling' and 'Processing'. In addition, the company operates a (primary) department for 'Administration' and one for 'Sales'! SMOOTHWAVE calculates the costs of its products according to the full cost method. For the allocation of indirect costs to the various products mark-ups are calculated for each of the departments. During the last period, the company has recorded direct material costs amounting to 180,000 and direct costs for processing amounting to 430,000. Table 1 shows the sum of indirect costs that have been allocated to the company's various departments as well as the departments' respective allocation bases for mark-up calculation. Table 1: Materials Processing Administration Sales handling Sum of primary 220.000 (of 540.000 (of 310.000 (of 280.000 (of and secondary which 60.000 which 200.000 which 190.000 which 180.000 indirect costs fixed costs) fixed costs) fixed costs) fixed costs) Allocation base Direct material Direct processing Total production Total production costs costs costs costs a) Calculate the mark-ups for each of the cost centers. b) The direct material costs incurred for one surfboard of the model "Flowy amount to 40. The direct costs for processing amount to 60. Calculate the production cost and full product cost for one surfboard of the model Flowy. Some people in the company have voiced the suggestion to set up two additional service departments' - Maintenance 1 and Maintenance 2. In addition to this, the company management thinks about investing in a R&D (training) project in order to come up with a revolutionary surfboard shape that increases speed while simultaneously MacBook Pro Sales Sum of primary and secondary indirect costs Allocation base Materials Processing Administration handling 220.000 (of 540.000 (of 310.000 (of which 60.000 which 200.000 which 190.000 fixed costs) fixed costs) fixed costs) Direct material Direct processing Total production costs costs costs 280.000 (of which 180.000 fixed costs) Total production costs a) Calculate the mark-ups for each of the cost centers. b) The direct material costs incurred for one surfboard of the model 'Flowy amount to 40. The direct costs for processing amount to 60. Calculate the production cost and full product cost for one surfboard of the model Flowy. Some people in the company have voiced the suggestion to set up two additional 'service departments - Maintenance 1 and Maintenance 2. In addition to this, the company management thinks about investing in a R&D (training) project in order to come up with a revolutionary surfboard shape that increases speed while simultaneously providing better stability. The innovation would be applicable for both of the company's surfboard models. In total, the R&D investment would amount to 75,000 and management plans to depreciate it over the following 3 periods. The R&D costs per period, like other indirect costs, should be allocated first to the various departments according to cost drivers. Management believes that the main cost driver is the training required to learn about surfboard shapes - training is required for all employees in equal amounts, except for those of the Administrative department. The number of employees of the various departments are provided in table 2. Table 2: Sales Total Mainten. 1 10 Mainten. 2 15 Materials Processing Admin. handling 40 40 30 Employees 20 155 c) Allocate the R&D costs for the coming period to the company's various departments (including the two new service departments) according to the information provided above. In addition to the allocated costs for R&D, company management assumes that Maintenance 1 will incur indirect costs of 30,000 and Maintenance 2 45,000 (note: these amounts do not yet include the costs for the planned R&D project). The costs of the service departments are allocated according to hours of service utilized by other departments. As there are no values available for this yet, the company for now assumes that all employees will take advantages of services in equal amounts. d) Allocate the total indirect costs of the service departments to primary departments. For this, assume that the company uses the 'step-wise' method. For the sub-question e) assume the full product cost of a surfboard of the model "Speedy' to be 300. And that SMOOTHWAVE sets its prices in order to achieve a profit margin of 40%. SMOOTHWAVE sells its surfboard 'Speedy' to, among others, a large sporting goods retailer called "FITINC. FITINC uses the contribution method for its product calculations, thereby considering all indirect costs (here: costs that apply to all of the products the company offers) as common costs. Table 3 provides some information of the retailer's costs. I Table3: Rent for stores 1,000,000 Personnel general 2,000,000 Personnel related to SMOOTHWAVE products 10,000 Depreciation of assets (all indirect) 1,000,000 Storage in central warehouse (for all products offered) 250,000 Delivery from central warehouse to stores (for all products) 25,000 Brand (FITINC) marketing 150,000 Marketing for surfboard Speedy 1.000 Freight (for 'Speedy from SMOOTHWAVE to FITINC) 2.000 e) Given FITINC buys 100 pieces of the model 'Speedy and manages to sell each surfboard for a price of 750, how high would the total contribution of 'Speedy' surfboards (from the perspective of FITINC) be? f) Due to the Covid-19 crisis, FITINC's management is worried that there will be a considerable downturn in the demand for surfboards in the coming period. What percentage could current sales go down until FITINC's business with 'Speedy' surfboards becomes unprofitable? Question 1 / Assignment 1 SMOOTHWAVE is a company that produces two types of surfboards, the 'Flowy' and the 'Speedy Both surfboards are produced in a process that requires the manual processing of raw materials. Accordingly, the company operates two production related (primary) departments, 'Materials handling' and 'Processing'. In addition, the company operates a (primary) department for 'Administration' and one for 'Sales'! SMOOTHWAVE calculates the costs of its products according to the full cost method. For the allocation of indirect costs to the various products mark-ups are calculated for each of the departments. During the last period, the company has recorded direct material costs amounting to 180,000 and direct costs for processing amounting to 430,000. Table 1 shows the sum of indirect costs that have been allocated to the company's various departments as well as the departments' respective allocation bases for mark-up calculation. Table 1: Materials Processing Administration Sales handling Sum of primary 220.000 (of 540.000 (of 310.000 (of 280.000 (of and secondary which 60.000 which 200.000 which 190.000 which 180.000 indirect costs fixed costs) fixed costs) fixed costs) fixed costs) Allocation base Direct material Direct processing Total production Total production costs costs costs costs a) Calculate the mark-ups for each of the cost centers. b) The direct material costs incurred for one surfboard of the model "Flowy amount to 40. The direct costs for processing amount to 60. Calculate the production cost and full product cost for one surfboard of the model Flowy. Some people in the company have voiced the suggestion to set up two additional service departments' - Maintenance 1 and Maintenance 2. In addition to this, the company management thinks about investing in a R&D (training) project in order to come up with a revolutionary surfboard shape that increases speed while simultaneously MacBook Pro Sales Sum of primary and secondary indirect costs Allocation base Materials Processing Administration handling 220.000 (of 540.000 (of 310.000 (of which 60.000 which 200.000 which 190.000 fixed costs) fixed costs) fixed costs) Direct material Direct processing Total production costs costs costs 280.000 (of which 180.000 fixed costs) Total production costs a) Calculate the mark-ups for each of the cost centers. b) The direct material costs incurred for one surfboard of the model 'Flowy amount to 40. The direct costs for processing amount to 60. Calculate the production cost and full product cost for one surfboard of the model Flowy. Some people in the company have voiced the suggestion to set up two additional 'service departments - Maintenance 1 and Maintenance 2. In addition to this, the company management thinks about investing in a R&D (training) project in order to come up with a revolutionary surfboard shape that increases speed while simultaneously providing better stability. The innovation would be applicable for both of the company's surfboard models. In total, the R&D investment would amount to 75,000 and management plans to depreciate it over the following 3 periods. The R&D costs per period, like other indirect costs, should be allocated first to the various departments according to cost drivers. Management believes that the main cost driver is the training required to learn about surfboard shapes - training is required for all employees in equal amounts, except for those of the Administrative department. The number of employees of the various departments are provided in table 2. Table 2: Sales Total Mainten. 1 10 Mainten. 2 15 Materials Processing Admin. handling 40 40 30 Employees 20 155 c) Allocate the R&D costs for the coming period to the company's various departments (including the two new service departments) according to the information provided above. In addition to the allocated costs for R&D, company management assumes that Maintenance 1 will incur indirect costs of 30,000 and Maintenance 2 45,000 (note: these amounts do not yet include the costs for the planned R&D project). The costs of the service departments are allocated according to hours of service utilized by other departments. As there are no values available for this yet, the company for now assumes that all employees will take advantages of services in equal amounts. d) Allocate the total indirect costs of the service departments to primary departments. For this, assume that the company uses the 'step-wise' method. For the sub-question e) assume the full product cost of a surfboard of the model "Speedy' to be 300. And that SMOOTHWAVE sets its prices in order to achieve a profit margin of 40%. SMOOTHWAVE sells its surfboard 'Speedy' to, among others, a large sporting goods retailer called "FITINC. FITINC uses the contribution method for its product calculations, thereby considering all indirect costs (here: costs that apply to all of the products the company offers) as common costs. Table 3 provides some information of the retailer's costs. I Table3: Rent for stores 1,000,000 Personnel general 2,000,000 Personnel related to SMOOTHWAVE products 10,000 Depreciation of assets (all indirect) 1,000,000 Storage in central warehouse (for all products offered) 250,000 Delivery from central warehouse to stores (for all products) 25,000 Brand (FITINC) marketing 150,000 Marketing for surfboard Speedy 1.000 Freight (for 'Speedy from SMOOTHWAVE to FITINC) 2.000 e) Given FITINC buys 100 pieces of the model 'Speedy and manages to sell each surfboard for a price of 750, how high would the total contribution of 'Speedy' surfboards (from the perspective of FITINC) be? f) Due to the Covid-19 crisis, FITINC's management is worried that there will be a considerable downturn in the demand for surfboards in the coming period. What percentage could current sales go down until FITINC's business with 'Speedy' surfboards becomes unprofitable