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Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $37,000 Company advertising 25,700 Wages paid
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $37,000 Company advertising 25,700 Wages paid to seamstresses 76,300 Depreciation on salespersons' vehicles 30,600 Thread 1,120 Utilities for factory 23,600 Cutting room supervisor's salary 31,400 President's salary 76,200 Premium quality cotton material 42,000 Buttons 775 Factory insurance 18,200 Depreciation on sewing machines 7,700 Wages paid to cutters 50,800 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. 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. 1. Direct Materials Cost 2. Direct Labor Cost 3. Manufacturing Overhead Cost 4. Total Manufacturing Cost 5. Prime Cost 6. Conversion Cost 7. Total Period Cost $ 42,000
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