Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Witt Recreation Company ( WRC ) makes e - bikes. The company currently manufactures two models, the Coaster and the Traveler, in one of the

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.
Coaster Traveler Total
Number of bikes assembled 7504501,200
Materials cost per bike $ 640 $ 1,216
Other costs:
Direct labor $ 316,200
Depreciation and lease 399,200
Supervision and control 264,200
Factory administration 357,200
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.
Note: Do not round intermediate calculations. Round your final answers to nearest whole number.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions