E1-13 (Algo) Classifying and Calculating Cost [LO 1-4] Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy's costs for the most recent month. Glue and screws used in the keyboards Depreciation on factory equipment Depreciation on CEO's company car Speakers used in the keyboard Production supervisor's salary Wages of persons who install the speakers $ 820 120 1,270 2,250 250 2,910 Cost to run an ad on local radio stations 660 Utilities for the factory 1,340 Personnel manager's salary 2,660 Wages of person who attaches legs to keyboards 1,980 Required: 1. Calculate the total product cost for Noteworthy. 2. Calculate the prime cost for Noteworthy. 3. Calculate the manufacturing overhead for Noteworthy. 4. Calculate the direct labor for Noteworthy. 5. Calculate the conversion cost for Noteworthy. 6. Calculate the total variable cost (with number of units produced as the activity) for Noteworthy. 7. Calculate the total fixed cost (with number of units produced as the activity) for Noteworthy. 1. Total Product Cost 2. Prime Cost 3. Manufacturing Overhead 4. Direct Labor Cost 5. Conversion Cost 6. Total Variable Cost 7. Total Fixed Cost