Homework Answers
1) Cost of direct materials for Cotton White: 40,500
Working: Premium quality cotton material = 40,500
2) Cost of direct labor for Cotton White
Working: Wages paid to seamstresses + Wages paid to cutters = 76,800 + 50,500 = 127,300
3) Cost of manufacturing overhead for Cotton White
Working: Factory rent + Thread + Utilities for factory + Cutting room supervisor's salary + Buttons + Factory insurance + Depreciation on sewing machines = 37,000 + 1,060 + 23,200 + 30,500 + 775 + 18,600 + 7,900 = 119,035
4) Total manufacturing cost for Cotton White: 286,835
Working: Cost of direct materials + Cost of direct labor + Cost of manufacturing overhead = 40,500 + 127,300 + 119,035 = 286,835
5) Prime cost for Cotton White: 167,800
Working: Cost of direct materials + Cost of direct labor = 40,500 + 127,300 = 167,800
6) Conversion cost for Cotton White: 246,335
Working: Cost of direct labor + Cost of manufacturing overhead = 127,300 + 119,035 = 246,335
7) Total period cost for Cotton White: 131,600
Working: Company advertising + Depreciation on salespersons' vehicles + President’s salary = 25,300 + 30,100 + 76,200 = 131,600
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Check my work 1.25 points Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons'...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: $ Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters 36,300 24,500 76,200 31,200 1,060 24,400 30,100 76,900 41,000 840 18,900 7,700 50,200 Required: 1. Compute the cost of direct materials for Cotton White. Direct Materials...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $ 36,300 Company advertising 24,500 Wages paid to seamstresses 76,200 Depreciation on salespersons' vehicles 31,200 Thread 1,060 Utilities for factory 24,400 Cutting room supervisor's salary 30,100 President’s salary 76,900 Premium quality cotton material 41,000 Buttons 840 Factory insurance 18,900 Depreciation on sewing machines 7,700 Wages paid to cutters 50,200 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $ 37,200 Company advertising 24,800 Wages paid to seamstresses 76,800 Depreciation on salespersons' vehicles 30,600 Thread 1,130 Utilities for factory 23,100 Cutting room supervisor's salary 30,100 President’s salary 75,300 Premium quality cotton material 40,300 Buttons 830 Factory insurance 18,300 Depreciation on sewing machines 7,300 Wages paid to cutters 50,900 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
otton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:...
otton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $ 37,800 Company advertising 25,300 Wages paid to seamstresses 75,500 Depreciation on salespersons' vehicles 30,900 Thread 1,150 Utilities for factory 24,700 Cutting room supervisor's salary 30,300 President’s salary 76,200 Premium quality cotton material 40,800 Buttons 805 Factory insurance 18,800 Depreciation on sewing machines 6,900 Wages paid to cutters 51,200 1. Compute the cost of direct materials for Cotton White. 2. Compute the...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 36,990 24,500 76,000 31,600 1,120 23,500 31,500 76,100 41,300 775 18,800 7,400 50,500 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $36,800 25,200 76,500 32,000 1,100 23,100 31,400 76,500 40,600 775 18,500 7,000 50,400 Required: 1. Compute the cost of direct materials for Cotton White. 10YU. 1. Compute...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,140 1,070 31,000 2,180 580 870 3,520 135 5,040 4,170 225 1,210 1,100 2,130 8,200 2. Determine the total cost for each of the following: a. Direct Materials b. Direct Labor Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent $ 36,300 Company advertising 24,600 Wages paid to seamstresses 76,500 Depreciation on salespersons' vehicles 30,500 Thread 1,030 Utilities for factory 23,400 Cutting room supervisor's salary 31,000 President’s salary 75,900 Premium quality cotton material 40,100 Buttons 780 Factory insurance 19,700 Depreciation on sewing machines 7,200 Wages paid to cutters 51,900 1. Compute the cost of direct materials for Cotton White. 2. Compute the...
E1-8 (Algo) Calculating Costs [LO 1-4) Cotton White, Inc., makes specialty clothing for chefs. The company...
E1-8 (Algo) Calculating Costs [LO 1-4) Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2 Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance n g machines Wages paid to cutters $ 37,100 24,400 75,100 30,900 1,140 23,500 30,800 76,000 41,100 840 18,500 6,900 51,100 Required: 1. Compute the cost of direct materials...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 3,500 150 5,090 4,060 270 1,220 1,060 2,080 7,750 2. Determine the total cost for each of the following: b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost d. Conversion Cost Total Product Cost
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: $ Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters 36,300 24,500 76,200 31,200 1,060 24,400 30,100 76,900 41,000 840 18,900 7,700 50,200 Required: 1. Compute the cost of direct materials for Cotton White. Direct Materials...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 36,990 24,500 76,000 31,600 1,120 23,500 31,500 76,100 41,300 775 18,800 7,400 50,500 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2015: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $36,800 25,200 76,500 32,000 1,100 23,100 31,400 76,500 40,600 775 18,500 7,000 50,400 Required: 1. Compute the cost of direct materials for Cotton White. 10YU. 1. Compute...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,140 1,070 31,000 2,180 580 870 3,520 135 5,040 4,170 225 1,210 1,100 2,130 8,200 2. Determine the total cost for each of the following: a. Direct Materials b. Direct Labor Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total...
E1-8 (Algo) Calculating Costs [LO 1-4) Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2 Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance n g machines Wages paid to cutters $ 37,100 24,400 75,100 30,900 1,140 23,500 30,800 76,000 41,100 840 18,500 6,900 51,100 Required: 1. Compute the cost of direct materials...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 3,500 150 5,090 4,060 270 1,220 1,060 2,080 7,750 2. Determine the total cost for each of the following: b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost d. Conversion Cost Total Product Cost
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