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Current Designs Kayak Company Production Cost Data Standared costing for raw materials and labor \begin{tabular}{lrrrr} Standard Quantities & Composite & & Rotomold & \\ \cline { 2 - 3 } Polyethylene powder & 60 & 59 & pounds \\ Finishing kit & 1.00 & 1.00 & each \\ Type l labor & 2.10 & & 1.80 hours \\ Type ll labor & 2.96 & 2.20 hours \end{tabular} Standard Costs PolyethylenepowderFinishingkitsTypellaborrateTypelllaborrate$$$$3.00185.0019.0014.00$$$$3.00155.0016.0011.00perpoundperkayakperhourperhour Expected unit sales Number of composite kayaks Number of rotomolded kayaks Inventory Requirements Polyethelene 25% of amount required for production in the next quarter Finished goods 20% of projected sales for next quarter Finish kits 10% of amount required for production in the next quarter Cash collections and disbursements All sales are made on account. 50%6 collected in the quarter sold, the balance is collected in the following quarter Expenses are paid: 80%6 in the quarter they are incurred, 20%6 in the following quartert Percentage of completion at end of period For composite kayaks For rotomolded kayaks Current Designs Kayak Company Production Budget

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