07 E1-8 (Algo) Calculating Costs (LO 1-4) Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018 1.25 DO $36,300 24,000 70,400 38,200 1,178 Factory rent Company avertising Wages paid to seanstresses Depreciation on salesperson vehicles Thread Utilities for factory Cutting roon supervisor's salary President's salary Premium quality cotton nateral Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters 23.30 31.700 75.00 40,00 825 19,000 6.900 52,000 Required: 1. Compute the cost of direct materials for Cotton White 2. Compute the cost of direct labor for Cotton White 3. Compute the cost of manufacturing overhead for Cotton White 4. Compute the total manufacturing cost for Cotton White 5. Compute the prime cost for Cotton White 6. Compute the conversion cost for Cotton White 7. Compute the total period cost for Cotton White Answer la complete but not entirely correct. 1 2 $ 2 4 Direct Materials Cost Direct Labor Cost Manufacturing Overhead Cost Total Monturing Cost Pane Cost Canon Cost Total Panod Coast 5 5 5 40,000 $27.7003 117710 200 310 160.000 245,310 132.100 7