Business, 18.03.2021 01:50 soliseric879

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 42,000 Company advertising 18,000 Wages paid to seamstresses 75,000 Depreciation on salespersons' vehicles 25,000 Thread 1,000 Utilities for factory 22,000 Cutting room supervisor's salary 30,000 President's salary 75,000 Premium quality cotton material 42,000 Buttons 750 Factory insurance 15,000 Depreciation on sewing machines 6,000 Wages paid to cutters 50,000 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.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 03:00

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities ownersâ€™ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 monthsâ€™ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employerâ€™s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Answers: 1

Answer

Business, 23.06.2019 06:00

For each example, identify the most appropriate ctso.marilyn is a middle-school student who wants to prepare for a career in farming: pasnational ffanyfeafeajanice is a high-school student who wants to start her own business: skillsusatsapasdecaabe is a high-school student who wants to become an information technology worker: hosafcclabpanyfearene wants to teach middle-school classes: feafccladecahosa

Answers: 1

Answer

Business, 23.06.2019 11:30

During the interview process with both companies, justin learns something about a new product that big box co. is producing that will directly compete with hope springs. because justin learned about the ethics of and what is unethical, he will not share this information during his interview with hope springs.

Answers: 2

Answer

Business, 23.06.2019 20:30

He provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance.

Answers: 1

Answer

You know the right answer?

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

Questions