Question
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $ 36,400 Company advertising 25,600 Wages paid
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:
Factory rent $ 36,400
Company advertising 25,600
Wages paid to seamstresses 75,300
Depreciation on salespersons' vehicles 30,500
Thread 1,020
Utilities for factory 23,400
Cutting room supervisor's salary 30,100
Presidents salary 75,100
Premium quality cotton material 41,400
Buttons 825
Factory insurance 18,000
Depreciation on sewing machines 7,600
Wages paid to cutters 50,300
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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started