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Cotton White, Inc., makes specialty ciothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamatresses Depreciation on salespersona vehicles Thread Utilities for factory Cutting room supervisor's salary Presidentn salary Premium quality cotton material $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75,800 41,600 840 Buttons Factory insurance Depreciation on seving machines Wages paid to cutters 18,400 6,900 50,500 Required: 1. Compute the cost of direct materiais 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.

Cotton White, Inc., makes specialty ciothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamatresses Depreciation on salespersona vehicles Thread Utilities for factory Cutting room supervisor's salary Presidentn salary Premium quality cotton material $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75,800 41,600 840 Buttons Factory insurance Depreciation on seving machines Wages paid to cutters 18,400 6,900 50,500 Required: 1. Compute the cost of direct materiais 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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer 4,5,6 Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Pactory rent Company advertising Wages paid to seamstresses Depreciation on malempersons vehicles Thread Ueilities for factory Cutting room supervisor's salary President' salary Premium quality cotton material Buttons Pactory insurance Depreciation on seving machinen Wagen paid to cutters $ 36,500 25,500 76,800 31,300 1,040 24.00০ 30,300 75,800 41,600 840 18,400 6,900 50,500 Required: 1. Compute the cost of direct materiais 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.
Transcribed Image Text:Please answer 4,5,6 Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Pactory rent Company advertising Wages paid to seamstresses Depreciation on malempersons vehicles Thread Ueilities for factory Cutting room supervisor's salary President' salary Premium quality cotton material Buttons Pactory insurance Depreciation on seving machinen Wagen paid to cutters $ 36,500 25,500 76,800 31,300 1,040 24.00০ 30,300 75,800 41,600 840 18,400 6,900 50,500 Required: 1. Compute the cost of direct materiais 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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