How do you get the operation cost for this statment. **Number of Bikes Assembled**- Coaster: 750- Traveler: 450- Total: 1,200**Materials Cost per Bike**- Coaster: $630- Traveler: $1,206**Other Costs**- Direct Labor: $304,200- Depreciation and Lease: $387,200- Supervision and Control: $252,200- Factory Administration: $345,200**Required:**Litt 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.

COST ALLOCATIONWhen items of cost are identifiable directly with some products or departments such…

Number of bikes assembled Materials cost per bike Other costs: Direct labor Depreciation and lease Supervision and control Factory administration Coaster 750 $ 630 Traveler 450 $ 1,206 Total 1,200 $ 304, 200 387, 200 252, 200 345,200 equired: itt Recreation Company uses operations costing and assigns conversion costs based on the number of units assembled. Compute e cost of each model assembled in the second quarter.

Number of bikes assembled Materials cost per bike Other costs: Direct labor Depreciation and lease Supervision and control Factory administration Coaster 750 $ 630 Traveler 450 $ 1,206 Total 1,200 $ 304, 200 387, 200 252, 200 345,200 equired: itt Recreation Company uses operations costing and assigns conversion costs based on the number of units assembled. Compute e cost of each model assembled in the second quarter.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Explain how a cost item can be both a direct cost and an indirect cost.
Then, how about the fixed cost and the shipping cost?
How is conversion costs per equivalent unit calculated?
Differentiate between operating costs and administrative costs?
Why should the total costs of the machine be viewed as an asset and allocated against the future revenue that the machine will generate?
Which costs might be included in the initial cost of equipment?
What is opportunity cost? How is this concept used in TVM analysis, and where is it shown on the timeline? Is a single number used in all situations? Explain.
How variable and fixed expenses determined and analyzed?
What is the total cost of ownership concept? What are some of the challenges that must be overcome when implementing a total cost measurement system?
What are direct out-of-pocket costs
Under operations analysis, how do you describe cost analysis?
What are “initial direct costs” and how are they accounted for by lessees and lessors?