Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2010.
Factory rent———————————$36,000
Company advertising———————–24,000
Wages paid to seamstresses—————75,000
Depreciation on salespersons’ vehicles—–30,000
Thread—————————————-1,000
Utilities for factory————————-23,000
Cutting room supervisor’s salary————-30,000
President’s salary—————————–75,000
Premium quality cotton material————-40,000
Buttons——————————————-750
Factory insurance——————————18,000
Depreciation on sewing machines————–6,000
Wages paid to cutters————————-50,000
1: Compute the cost of direct labor for Cotton White. (Omit the “$” sign in your response.)
Direct labor cost:$___________
2. Compute the cost of manufacturing overhead for Cotton White. (Omit the “$” sign in your response.)
Manufacturing overhead:$___________
3. Compute the total manufacturing cost for Cotton White. (Omit the “$” sign in your response.)
Total manufacturing cost:$___________
4. Compute the prime cost for Cotton White. (Omit the “$” sign in your response.)
Prime cost:$___________
5. Compute the conversion cost for Cotton White. (Omit the “$” sign in your response.)
Conversion cost:$___________
6. Compute the total period cost for Cotton White. (Omit the “$” sign in your response.)
Total period cost:$___________