please answer in text Please answer first threeCotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:$ 36,50025,500Factory rentCompany advertisingWagen paid to seamstressenDepreciation on nalespersons vehiclesThreadUtilities for factoryCutting room supervisor's salaryPresident's salaryPremium quality cotton materialDuttons76,80031,3001,04024,00030,30075,80041,600840Factory insuranceDepreciation on seving machinesWages paid to cutters18,4006,90050,500Required: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.

SOLUTION DIRECT MATERIAL MEANS MATERIAL USED IN MANUFATURING PROCESSES WHICH BECOMES INTEGRAL PART…

Please answer first three Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wagen paid to seamatressen Depreciation on nalespersona vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75,800 41,600 840 Duttona Factory insurance Depreciation on seving machines Wages paid to cuttera 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.

Please answer first three Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wagen paid to seamatressen Depreciation on nalespersona vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75,800 41,600 840 Duttona Factory insurance Depreciation on seving machines Wages paid to cuttera 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.

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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