Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:...

Ans:  

1. Cost of direct materials for cotton white= Premium quality control material

= 41,300

2. Cost of direct labor= Wages paid to stream stress+ wages paid to cutters

= 76,000+ 50,500

= $ 126,500

3. Cost of manufacturing overhead = factory rent+ thread+ utilities for factory+ cutting room supervisor salary + buttons+factory insurance+ depreciation on sewing machines

= 36,900+ 1,120+23,500+31,500+775+18,800+7,400

= $ 119,995

4. total manufacturing cost= direct materials+ direct labor+ manufacturing overhead

=41,300+126,500+119,995

= $ 287,795

5.

Prime cost= direct materials+ direct labor

= 41,300+126,500

= $ 167,800

6. conversion cost= direct labor+ manufacturing overhead

= 126,500+119,995

= $ 246,495

7. Total period cost= it represents cost other than those related with product manufacturing cost

= company advertising+ depreciation on sales person vehicles+ president salary

= 24,500+31,600+76,100

= $ 132,200