accounting cotton white inc 460885

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2010.

Factory rent————————————$36,000

Company advertising————————–24,000

Wages paid to seamstresses—————–75,000

Depreciation on salespersons’ vehicles——30,000

Thread——————————————1,000

Utilities for factory—————————23,000

Cutting room supervisor’s salary———–30,000

President’s salary—————————75,000

Premium quality cotton material———–40,000

Buttons—————————————–750

Factory insurance—————————-18,000

Depreciation on sewing machines———–6,000

Wages paid to cutters———————-50,000

2: Compute the cost of direct labor for Cotton White. (Omit the “$” sign in your response.)

Direct labor cost:$___________

3: Compute the cost of manufacturing overhead for Cotton White. (Omit the “$” sign in your response.)

Manufacturing overhead:$___________

4: Compute the total manufacturing cost for Cotton White. (Omit the “$” sign in your response.)

Total manufacturing cost:$___________

5: Compute the prime cost for Cotton White. (Omit the “$” sign in your response.)

Prime cost:$___________

6: Compute the conversion cost for Cotton White. (Omit the “$” sign in your response.)

Conversion cost:$___________

7: Compute the total period cost for Cotton White. (Omit the “$” sign in your response.)

Total period cost:$___________