Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2 Tactory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehieles Thread $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75,800 41,600 840 18,400 6,900 50,500 Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Pactory insurance Depreciation on sewing machines Wages paid to cutters

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2 Tactory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehieles Thread $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75,800 41,600 840 18,400 6,900 50,500 Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Pactory insurance Depreciation on sewing machines Wages paid to cutters

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4E: For apparel manufacturer Abercrombie Fitch, Inc. (ANF), classify each of the following costs as...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:
S 36,500
25,500
76,8০0
31,300
1,040
24,000
30,300
75,800
41,600
840
Factory rent
Company advertising
Wages paid to seamstresses
Depreciation on salespersons' vehieles
Thread
Utilities for factory
Cutting room supervisor's salary
President's salary
Premium quality cotton material
Buttons
Pactory insurance
Depreciation on sewing machines
Wages paid to cutters
18,400
6,900
50,500
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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Cotton White, Incorporated, makes specialty clothing for chefs. The company reported the following costs for the current year: Factory rent Company advertising Wages paid to sewing personnel Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters 1. Direct Materials Cost 2. Direct Labor Cost 3. Manufacturing Overhead Cost 4. Total Manufacturing Cost 5. Prime Cost $ 36,000 24,600 75,200 31,300 1,110 6. Conversion Cost 7. Total Period Cost 24,800 31,500 75,500 41, 200 785 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…
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Cotton White, Incorporated, makes specialty clothing for chefs. The company reported the following costs for the current year. Factory rent Company advertising Wages paid to sewing personnel Depreciation on salespersons' vehicles. Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor for Cotton White. $ 42,000 18,000 75,000 25,000 1,000 22,000 30,000 75,000 42,000 750 15,000 6,000 50,000 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.