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School
San Francisco State University **We aren't endorsed by this school
Course
ACCT 305
Subject
Accounting
Date
Oct 23, 2023
Pages
1
Uploaded by ProfessorStraw19319 on coursehero.com
E1-8 (Algo) Calculating Costs [LO 3-2, LO 3-3] Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 36,500 Company adverti=ing 26,000 Wages paid to seamstresses 76,300 Depreciation on salespersons' wvehicles 31,500 Thread 1,180 Utilities for factory 24,800 Cutting room supervisor's salary 30,300 President's salary 75,600 Premium quality cotton material 40,300 Button 770 Factory insurance 18,600 Depreciation ©n sewing machines 6,100 Wages paid to cutters 51,100 | 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. 1. Direct Materials Cost $ 403008 2. |Direct Labor Cost $ 127,400 & % 5 Manufacturing Overhead Cost $ 118,250 & 4. |Total Manufacturing Cost $ 285950 & 5. |Prime Cost $ 167,700 @D 6. |Conversion Cost $ 245650 & 7. |Total Period Cost $ 133,100
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