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:$___________