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 2018: Factory rent $42.000 18.000 Company advertising Wages paid to seamstresses 75,000 Depreciation on salespersons' vehicles 25,000 Thread 1.000 Utilities for factory 22,000 Cutting room supervisor's salary 30,000 President's salary 75,000 Premium quality cotton material 42.000 Buttons 750 Factory insurance 15,000 6,000 Depreciation on sewing machines Wages paid to cutters 50.000 Required: Compute the following for Cotton White: 1. Direct materials. 2. Direct labor. 3. Manufacturing overhead. Required: Compute the following for Cotton White: 1. Direct materials. 2. Direct labor. 3. Manufacturing overhead. 4. Total manufacturing cost. 5. Prime cost. 6. Conversion cost. 7. Total period cost
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