Question 12 of 12 -755 View Policies Current Attempt in Progress 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 cance company's 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 labor-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 ih 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 the strength of the finished kayak. These kayaks require a great deal of skilled labor 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, Controller Mike Cichanowski, CEO Diane Buswell, Controller Deb Welch, Purchasing Manager Bill Johnson, Sales Manager Dave Thill Kayak Factory Manager Rick Thrune, Production Manager for Composite Kayaks The company's accounting data for the most recent period is as follows. (c) When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost items and amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum the amounts in each cost category column. Question 12 of 12 -75E Payee Purpose Amount Materials Winona Agency Property insurance for the factory 2620 $ Bill Johnson (sales manager) Payroll check-payment to sales manager 1.390 Xcel Energy Electricity for factory 370 Winona Printing Price lists for salespeople 70 Jim Kaiser (sales representative) Sales commissions 1,030 Dave Thill factory manager) Payroll check-payment to factory manager 1190 Dana Schultz (kayak assembler) Payroll check-payment to kayak assembler 628 Composite One Bagging him used when kayaks are assembled: it is discarded after use 218 Question 12 of 12 -/5 Vana Schultzkayak assemblery Payroll check-payment to kayak assembler 028 Composite One 218 Fastenal 732 Bagging film used when kayaks are assembled; it is discarded after use Shop supplies - brooms, paper towels, etc Polyethylene powder which is the main ingredient for the rotational molded kayaks Property taxes on manufacturing factory Ravago 2.596 Winona County 4,494 North American Composites Kevlar fabric for composite kayaks 4,044 Waste Management Trash disposal for the company office building 538 None Record depreciation of factory equipment 3,722 Totals
