Question
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $37,500 Company advertising $25,200 Wages paid to
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $37,500 Company advertising $25,200 Wages paid to seamstresses $76,200 Depreciation on salespersons' vehicles $30,600 Thread $1,100 Utilities for factory $24,500 Cutting room supervisor's salary $31,400 Presidents salary $76,000 Premium quality cotton material $41,100 Buttons $825 Factory insurance $18,300 Depreciation on sewing machines $7,200 Wages paid to cutters $50,900 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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