Exercise 6-57 (Algo) Operations Costing (LO 6-4) Piper Recreational Vehicles (PRV) modifies vans into recreational vehicles. PRV offers two models, the XC-2 and XC-6, which differ in the quality of the basic van and the workmanship and machining detail that are used. The following data reflect expected operations for the next year. XC-2 XC-6 Total Number assembled 55 49 104 Materials cost per RV S 40,050 $ 70,050 Other costs: Direct labor Depreciation Miscellaneous cost $ 955,550 745,128 847.338 Required: Piper Recreational Vehicles uses operations costing and assigns conversion costs based on the number of units assembled Compute the expected cost of each model assembled next year Operation cost Materials cost Total cost Unit cost XC-2 XC6 Total $

Exercise 6-57 (Algo) Operations Costing (LO 6-4) Piper Recreational Vehicles (PRV) modifies vans into recreational vehicles. PRV offers two models, the XC-2 and XC-6, which differ in the quality of the basic van and the workmanship and machining detail that are used. The following data reflect expected operations for the next year. XC-2 XC-6 Total Number assembled 55 49 104 Materials cost per RV S 40,050 $ 70,050 Other costs: Direct labor Depreciation Miscellaneous cost $ 955,550 745,128 847.338 Required: Piper Recreational Vehicles uses operations costing and assigns conversion costs based on the number of units assembled Compute the expected cost of each model assembled next year Operation cost Materials cost Total cost Unit cost XC-2 XC6 Total $

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter5: Activity-based Costing And Management

Section: Chapter Questions

Problem 53P: Functional-Based versus Activity-Based Costing For years, Tamarindo Company produced only one...

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Piper Recreational Vehicles (PRV) modifies vans into recreational vehicles. PRV offers two models, the XC-2 and XC-6, which differ in the quality of the basic van and the workmanship and machining detail that are used. The following data reflect expected operations for the next year. Number assembled Materials cost per RV other costs: Direct labor Depreciation Miscellaneous costs Operation cost Materials cost Total cost Unt cost XC-2 54 XC-6 39 $ 40,000 $70,000 XC-2 Required: Piper Recreational Vehicles uses operations costing and assigns conversion costs based on the number of urlits assembled. Compute the expected cost of each model assembled next year. XC-6 Total $ 905,550 735, 120 633, 180 $ 93 Total 0
Piper Recreational Vehicles (PRV) modifies vans into recreational vehicles. PRV offers two models, the XC-2 and XC-6, which differ in the quality of the basic van and the workmanship and machining detail that are used. The following data reflect expected operations for the next year. Number assembled Materials cost per RV Other costs: Direct labor Depreciation Miscellaneous costs Operation cost Materials cost Total cost Unit cost XC-2 54 $ 40,000 XC-2 XC-6 39 $ 70,000 Required: es Piper Recreational Vehicles uses operations costing and assigns conversion costs based on the number of units assembled. Compute the expected cost of each model assembled next year. XC-6 Total 93 $ $ 905,550 735, 120 633, 180 Total 0
Piper Recreational Vehicles (PRV) modifies vans into recreational vehicles. PRV offers two models, the XC-2 and XC-6, which differ in the quality of the basic van and the workmanship and machining detail that are used. The following data reflect expected operations for the next year. XC-2 XC-6 Total Number assembled 55 49 104 Materials cost per RV $ 40,050 $ 70,050 Other costs: Direct labor Depreciation Miscellaneous cost $ 955,550 745,120 847,330 Required: Piper Recreational Vehicles uses operations costing and assigns conversion costs based on the number of units assembled. Compute the expected cost of each model assembled next year. Operation cost Materials cost Total cost Unit cost XC-2 XC-6 Total $ 0
Piper Recreational Vehicles (PRV) modifies vans into recreational vehicles. PRV offers two models, the XC-2 and XC-6, which differ in the quality of the basic van and the workmanship and machining detail that are used. The following data reflect expected operations for the next year. Number assembled Materials cost per RV Other costs: Direct labor Depreciation Miscellaneous costs XC-2 54 $ 40,000 XC-6 Operation cost Materials cost Total cost Unit cost 39 $ 70,000 Total 93 $ 905,550 735, 120 633, 180 Required: Piper Recreational Vehicles uses operations costing and assigns conversion costs based on the number of units assembled. Compute the expected cost of each model assembled next year. X Answer is complete but not entirely correct. XC-2 XC-6 $ 1,320,408X $ 2,160,000 $ 3,480,408X $ 3,683,428X $ 64,452 X $ 94,448 X Total 953,428X $ 2,273,836 2,730,000
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Exercise 6-55 (Static) Operations Costing (LO 6-4) Witt Recreation Company (WRC) makes e-bikes. The company currently manufactures two models, the Coaster and the Traveler, in one of the WRC factories. Both models require the same assembling operations. The difference between the models is the cost of materials. The following data are available for the second quarter. Number of bikes assembled Materials cost per bike Other costs: Direct labor Depreciation and lease Supervision and control Factory administration Operation cost Materials cost Total cost Unit cost Coaster 750 Traveler 450 $ 624 $ 1,200 Required: Witt Recreation Company uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in the second quarter. Coster Traveler Total 1,200 $ 297,000 380,000 245,000 338,000 Total
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,550 $140,000 14,000 shelves 168,000 17,600 140,000 28,000 shelves 336,000 33,700 140,000 35,000 shelves 420,000 41,750 140,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion…