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The Current Designs staff has prepared the annual manufacturing budget for the rotomoulded line based on an estimated annual production of 4,680 kayaks during 2022. Each kayak will require 78 kilograms of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.00 per kilogram, and the finishing kits cost $180 each. Each kayak will use two kinds of labour-2 hours of type I labour from people who run the oven and trim the plastic, and 3 hours of work from type Il workers who attach the hatches and seat and other hardware. The type I employees are paid $10 per hour, and the type employees are paid $7 per hour. Manufacturing overhead is budgeted at $426,520 for 2022, broken down as follows. Variable costs Indirect materials Manufacturing supplies Maintenance and utilities Fixed costs Supervision Insurance Depreciation Total $51,480 70,200 107,640 229,320 74,000 12,000 111,200 197.200 $426,520 During the first quarter, ended March 31, 2022, 1.220 units were actually produced with the following costs.

The Current Designs staff has prepared the annual manufacturing budget for the rotomoulded line based on an estimated annual production of 4,680 kayaks during 2022. Each kayak will require 78 kilograms of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.00 per kilogram, and the finishing kits cost $180 each. Each kayak will use two kinds of labour-2 hours of type I labour from people who run the oven and trim the plastic, and 3 hours of work from type Il workers who attach the hatches and seat and other hardware. The type I employees are paid $10 per hour, and the type employees are paid $7 per hour. Manufacturing overhead is budgeted at $426,520 for 2022, broken down as follows. Variable costs Indirect materials Manufacturing supplies Maintenance and utilities Fixed costs Supervision Insurance Depreciation Total $51,480 70,200 107,640 229,320 74,000 12,000 111,200 197.200 $426,520 During the first quarter, ended March 31, 2022, 1.220 units were actually produced with the following costs.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the first quarter, ended March 31, 2022, 1.220 units were actually produced with the following costs. Polyethylene powder Finishing kits Type 1 labour Type 11 labour Indirect materials Manufacturing supplies Maintenance and utilities Supervision Insurance Depreciation Total Units to be Produced Variable Costs Polyethylene Powder Finishing Kits Prepare the flexible budget for manufacturing for the quarter ended March 31, 2022. Assume activity levels of 1,070, 1,170, and 1,220 units. (List variable costs before fixed costs) Labour-Type 1 Labour-Type Indirect Materials Manufacturing Supplies Maintenance and Utilities Total Variable Costs Fixed Costs Supervision Insurance Depreciation Total Food Costs Total Costs V $97.030 219.900 24,400 V 26,810 13.420 18,337 30.520 15,500 3,000 27.800 $476,717 CURRENT DESIGNS Rotomoulded Line Flexible Manufacturing Budget For the Quarter Ending March 31, 2022 1070 1170 1220
Transcribed Image Text:During the first quarter, ended March 31, 2022, 1.220 units were actually produced with the following costs. Polyethylene powder Finishing kits Type 1 labour Type 11 labour Indirect materials Manufacturing supplies Maintenance and utilities Supervision Insurance Depreciation Total Units to be Produced Variable Costs Polyethylene Powder Finishing Kits Prepare the flexible budget for manufacturing for the quarter ended March 31, 2022. Assume activity levels of 1,070, 1,170, and 1,220 units. (List variable costs before fixed costs) Labour-Type 1 Labour-Type Indirect Materials Manufacturing Supplies Maintenance and Utilities Total Variable Costs Fixed Costs Supervision Insurance Depreciation Total Food Costs Total Costs V $97.030 219.900 24,400 V 26,810 13.420 18,337 30.520 15,500 3,000 27.800 $476,717 CURRENT DESIGNS Rotomoulded Line Flexible Manufacturing Budget For the Quarter Ending March 31, 2022 1070 1170 1220
Current Attempt in Progress The Current Designs staff has prepared the annual manufacturing budget for the rotomoulded line based on an estimated annual production of 4,680 kayaks during 2022. Each kayak will require 78 kilograms of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.00 per kilogram, and the finishing kits cost $180 each. Each kayak will use two kinds of labour-2 hours of type I labour from people who run the oven and trim the plastic, and 3 hours of work from type Il workers who attach the hatches and seat and other hardware. The type I employees are paid $10 per hour, and the type II employees are paid $7 per hour. Manufacturing overhead is budgeted at $426,520 for 2022, broken down as follows. Variable costs Indirect materials Manufacturing supplies Maintenance and utilities Fixed costs Supervision Insurance Depreciation Total $51,480 70,200 107,640 229,320 74,000 12,000 111,200 197.200 $426,520 During the first quarter, ended March 31, 2022. 1.220 units were actually produced with the following costs.
Transcribed Image Text:Current Attempt in Progress The Current Designs staff has prepared the annual manufacturing budget for the rotomoulded line based on an estimated annual production of 4,680 kayaks during 2022. Each kayak will require 78 kilograms of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.00 per kilogram, and the finishing kits cost $180 each. Each kayak will use two kinds of labour-2 hours of type I labour from people who run the oven and trim the plastic, and 3 hours of work from type Il workers who attach the hatches and seat and other hardware. The type I employees are paid $10 per hour, and the type II employees are paid $7 per hour. Manufacturing overhead is budgeted at $426,520 for 2022, broken down as follows. Variable costs Indirect materials Manufacturing supplies Maintenance and utilities Fixed costs Supervision Insurance Depreciation Total $51,480 70,200 107,640 229,320 74,000 12,000 111,200 197.200 $426,520 During the first quarter, ended March 31, 2022. 1.220 units were actually produced with the following costs.
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