Reference no: EM132500316
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:
Factory rent$37,400
Company advertising 24,000
Wages paid to seamstresses 75,500
Depreciation on salespersons' vehicles 30,500
Thread 1,080
Utilities for factory 23,600
Cutting room supervisor's salary 31,600
President's salary 75,400
Premium quality cotton material 40,200
Buttons 835 Factory insurance 18,200
Depreciation on sewing machines 6,000
Wages paid to cutters 50,900
Required:
Question 1. Compute the cost of direct materials for Cotton White.
Question 2. Compute the cost of direct labor for Cotton White.
Question 3. Compute the cost of manufacturing overhead for Cotton White.
Question 4. Compute the total manufacturing cost for Cotton White.
Question 5. Compute the prime cost for Cotton White.
Question 6. Compute the conversion cost for Cotton White.
Question 7. Compute the total period cost for Cotton White.