Barbieri Co. makes aluminum canoes. The company's June costs for material and labor were as follows: Material costs Janitorial supplies Chrome rivets to assemble canoes Sealant Aluminum Labor costs $3,240 22,518 2,214 3,029,400 Janitorial wages $16,740 Aluminum cutters 101,088 Salespeople's salaries 77,490 Welders 280,800 Factory supervisors' salaries 182,250 a. What is the direct material cost for June? $ 0 b. What is the direct labor cost for June? $ 0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

3

Product cost classifications
Barbieri Co. makes aluminum canoes. The company's June costs for material and labor were as follows:
Material costs
Janitorial supplies
Chrome rivets to assemble canoes
Sealant
Aluminum
Labor costs
Janitorial wages
Aluminum cutters
Salespeople's salaries
$3,240
22,518
2,214
3,029,400
$16,740
101,088
77,490
Welders
280,800
Factory supervisors' salaries 182,250
a. What is the direct material cost for June? $ 0
b. What is the direct labor cost for June? $ 0
Transcribed Image Text:Product cost classifications Barbieri Co. makes aluminum canoes. The company's June costs for material and labor were as follows: Material costs Janitorial supplies Chrome rivets to assemble canoes Sealant Aluminum Labor costs Janitorial wages Aluminum cutters Salespeople's salaries $3,240 22,518 2,214 3,029,400 $16,740 101,088 77,490 Welders 280,800 Factory supervisors' salaries 182,250 a. What is the direct material cost for June? $ 0 b. What is the direct labor cost for June? $ 0
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education