Question 7 of 7

Question 7 of 7 2.5/5 Diane Buswell examined some of the accounting records and reported that Current Designs purchased 1,190 pounds of polyethylene powder for this order at total cost of 32.023. Twenty (20) finishing kits were assembled at a total cost of 33,220. The zayroll records showed that the type I employees worked 56 hours on this project at total cost of $784. The type II finishing emplcyees worked 87 hours at total cost of $978.75 A total of 20 kayaks were produced for this order. The standards that had been developed for this model of kayak were used in C02 and are reproduced here. For each kayak: 52 pounds of polyethylene powder at $1.50 per pound I finishing kit (rope, seat, hardware, etc) at 3168 3 hours of type labor from people who run the men and trim the plastic at standard wage rate of S 14 per hour 4 hours of type II labor from people who attach the hatches and seat and other hardware at standard wage rate of SI I per hour. Calcu late the eight variances that are listed belcw. (Round price variance for type II workers to 2 decimal places, e.g. 1525 and all Other answers to O cimal places, e.g. 25.) Quantity variance for polyethylene powder Price variance for Iyethylene powder Quantity variance for finishing kits Price variance for finishing kits Quantity variance for type I