Please help me. Q no.4,5,6,7 Cotton White, Incorporated, makes specialty clothing for chefs. The company reported thefollowing costs for the current year:Factory rentCompany advertisingWages paid to sewing personnelDepreciation on salespersons' vehiclesThreadUtilities for factoryCutting room supervisor's salaryPresident's salaryPremium quality cotton materialButtonsFactory insuranceDepreciation on sewing machinesWages paid to cutters1. Direct Materials Cost2. Direct Labor Cost3. Manufacturing Overhead Cost4. Total Manufacturing Cost5. Prime Cost6. Conversion Cost7. Total Period Cost$36,10024,50076,40030,9001,150Required: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.$41,200$126,000$118,500$285,700$167,200$244,500$ 177,40024,00031,70075,80040,10076519,7007,20050,400

As per the requirement, questions 4,5,6, and 7 are solved.Cost refers to an expense used for…

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 $36,100 24,500 76,400 30,900 1,150 24,000 31,700 75,800 40,100

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 $36,100 24,500 76,400 30,900 1,150 24,000 31,700 75,800 40,100

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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