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E$1-8($Static$)$ Calculating Costs $[$LO $1-4]$

Cotton White, Incorporated, makes specialty clothing for chefs. The company reported the following costs for the current year:

Factory rent $ $42,000$

Company advertising $18,000$

Wages paid to sewing personnel $75,000$

Depreciation on salespersons' vehicles $25,000$

Thread $1,000$

Utilities for factory $22,000$

Cutting room supervisor's salary $30,000$

President's salary $75,000$

Premium quality cotton material $42,000$

Buttons $750$

Factory insurance $15,000$

Depreciation on sewing machines $6,000$

Wages paid to cutters $50,000$

Required:

Compute the cost of direct materials for Cotton White.

Compute the cost of direct labor for Cotton White.

Compute the cost of manufacturing overhead for Cotton White.

Compute the total manufacturing cost for Cotton White.

Compute the prime cost for Cotton White.

Compute the conversion cost for Cotton White.

Compute the total period cost for Cotton White.