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
$
37,700
Company advertising
24,000
Wages paid to seamstresses
76,400
Depreciation on salespersons' vehicles
32,000
Thread
1,040
Utilities for factory
24,200
Cutting room supervisor's salary
31,300
Presidents salary
75,400
Premium quality cotton material
40,500
Buttons
830
Factory insurance
18,000
Depreciation on sewing machines
7,600
Wages paid to cutters
51,000
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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