Introduction:Competition Bikes Inc. has retooled and is making both theCarbonLite and the Titanium frame bikes. The company vice presidentdirected that a cost study be conducted and an activity-basedcosting analysis was undertaken in one of the company plants. Afterthe study a breakeven analysis was completed along with targetprofit projections.For this task you will be using the attached Competition BikesInc. storyline.Task: