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Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites. Wood for frames Rent for retail store Depreciation
Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites. Wood for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames $ 12,500 3,500 500 2,250 3,750 450 1,700 5,000 850 500 550 Required: 1. Determine the cost of direct material. 2. Determine the cost of direct labor. 3. Determine the cost of manufacturing overhead. 4. Determine the total manufacturing cost. 5. Determine the total period cost. 6. Determine the total variable cost. 7. Determine the total fixed cost. 8. Determine the total prime cost. 9. Determine the total conversion cost. 1. Direct materials cost 2. Direct labor cost 3. Manufacturing overhead cost 4. Total manufacturing cost 5. Total period cost 6. Total variable cost 7. Total fixed cost 8. Total prime cost 9. Total conversion cost 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 $36,500 24,800 76,300 30,800 1,170 24,000 31,400 75, 100 41,600 840 19,300 6,000 51,400 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. 2 1. Direct Materials Cost 2. Direct Labor Cost 3. Manufacturing Overhead Cost Total Manufacturing Cost 5. Prime Cost 6. Conversion Cost 7. Total Period Cost
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