Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for...
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Accounting
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:
Factory rent
$
37,200
Company advertising
24,800
Wages paid to seamstresses
76,800
Depreciation on salespersons' vehicles
30,600
Thread
1,130
Utilities for factory
23,100
Cutting room supervisor's salary
30,100
Presidents salary
75,300
Premium quality cotton material
40,300
Buttons
830
Factory insurance
18,300
Depreciation on sewing machines
7,300
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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