Required information Problem 2-42 Cost Terminology (LO 2-2, 2-5, 2-10) [The following information applies to the questions displayed below.] The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: - All services are provided to manufacturing departments. 5 Cost of idle time is an overhead item; it is not included in the direct-labor wages given above. The rental of sales space was made necessary when the sales offices were converted to storage space for raw material. Problem 2-42 Part 1 Required: 1. Compute each of the following costs for the year just ended