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Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent$37,800Company advertising24,200Wages paid to seamstresses76,700Depreciation on salespersons' vehicles31,900Thread1,180Utilities
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:
Factory rent$37,800Company advertising24,200Wages paid to seamstresses76,700Depreciation on salespersons' vehicles31,900Thread1,180Utilities for factory24,700Cutting room supervisor's salary30,800Presidents salary75,100Premium quality cotton material41,100Buttons760Factory insurance18,100Depreciation on sewing machines7,100Wages paid to cutters50,500Required: 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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