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 thecost of materials. The following data are available for the second quarter.Number of bikes assembledMaterials cost per bikeOther costs:Direct laborDepreciation and leaseSupervision and controlFactory administration.Operation costMaterials costTotal costUnit costCoasterCoaster Traveler750450$636 $ 1,212Required: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.Note: Do not round intermediate calculations. Round your final answers to nearest whole number.477,000Traveler545,400Total1,200$ 311,400394,400259,400352,400$Total

Operation Costing is a method of costing under which material cost and other operation cost is added…

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. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. Operation cost Materials cost Total cost Unit cost Coaster 477,000 Traveler 545,400 Total

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. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. Operation cost Materials cost Total cost Unit cost Coaster 477,000 Traveler 545,400 Total

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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