Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for...
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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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