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 Required: Coaster 850 Traveler 550 Total 1,400 $ 702 $ 1,680 $ 337,000 460,000 305,000 378,000 Witt Recreation Company uses operations costing and assigns conversion costs based on the the direct materials costs. Compute the cost of each model assembled in the second quarter. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Coaster Traveler Total Material cost $ Operation cost Total cost $ 796,500 $ 470,250 1,266,750 $ 477,900 $ 1,274,400 541,350 $ 1,011,600 1,019,250 Unit cost $ 1,689 $ 2,265

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 Required: Coaster 850 Traveler 550 Total 1,400 $ 702 $ 1,680 $ 337,000 460,000 305,000 378,000 Witt Recreation Company uses operations costing and assigns conversion costs based on the the direct materials costs. Compute the cost of each model assembled in the second quarter. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Coaster Traveler Total Material cost $ Operation cost Total cost $ 796,500 $ 470,250 1,266,750 $ 477,900 $ 1,274,400 541,350 $ 1,011,600 1,019,250 Unit cost $ 1,689 $ 2,265

Name: Witt Recreation Company (WRC) makes e-bikes. The company currently ma
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Description: Witt Recreation Company (WRC) makes e-bikes. The company currently manufactures two models, the Coaster and the Traveler, in oneof the WRC factories. Both models require the same assembling operations. The difference between the models is the cost o

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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