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10-950 - Prin Ol Accou... Saved ework E1-8 (Algo) Calculating Costs [LO 1-4] Cotton White, Inc., makes specialty clothing for chefs. The company reported the
10-950 - Prin Ol Accou... Saved ework E1-8 (Algo) Calculating Costs [LO 1-4] Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $36,300 25,600 76,900 31,100 1,160 24,500 30,700 75,700 40,500 755 18,700 7,400 50,600 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
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