Question

connect ACCOUNTING Ch 1 Required Assignment value: 1.25 points Problem 1-114 LO 1-4] uail Company builds snowboards. Quail Company has reported the following costs for the previous Cost of fiberglass (raw material) Factory rent Advertising Utilities for factory Wages of assembly workers Production supervisor salary Sales manager salary Factory property taxes Depreciation on production equipment Cost of bindings (raw material) Screws Wages of snowboard painters Wages for maintenance workers $ 88,000 $ 42,000 $139,000 19,000 $ 99,000 $ 42,000 S 33,000 $ 28,000 S 33,000 $ 25,000 $ 2,800 $ 79,000 46,000 a. Compute the direct material costs Direct Material C ts 113,000 b. Compute the direct labor cost. rect

Answer 1

Answer A - $113000

Reason - Material Cost = cost of fibreglass + cost of bindings

= 88000 + 25000

= 113000

Answer B - $ 224000

Reason - wages of assembly workers + wages of snowboard painters + wages of maintenance workers

= 99000 + 79000 + 46000

= 224000