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Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories. Cost of fiberglass (raw material)
Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories. Cost of fiberglass (raw material) $ 91,000 Factory rent $ 55,000 Advertising $124,000 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 of factory maintenance workers a. Compute the direct material costs. Direct Material Costs $ 115,000 b. Compute the direct labor cost. Direct Labor Cost $ 173,000 $ 19,000 $ 85,000 $ 59,000 $ 31,000 $ 21,000 $ 21,000 $ 24,000 $ 2,600 $ 88,000 $ 36,000 c. Compute the manufacturing overneau. Manufacturing Overhead d. Compute the total manufacturing cost. Total Manufacturing Cost e. Compute the prime cost. Prime Cost f. Compute the conversion cost. Conversion Cost g. Compute the total period cost. Total Period Cost
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