E1-8 (Algo) Calculating Costs [LO 1-4) Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2 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 n g machines Wages paid to cutters $ 37,100 24,400 75,100 30,900 1,140 23,500 30,800 76,000 41,100 840 18,500 6,900 51,100 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. 1. Direct Materials Cost 2. Direct Labor Cost 13. Manufacturing Overhead Cost 4. Total Manufacturing Cost 5. Prime Cost