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Foogly, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information about Foogly's costs for the most recent month. Depreciation on
Foogly, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information about Foogly's costs for the most recent month.
Depreciation on factory equipment | $ 990 |
---|---|
Depreciation on CEO's company car | 300 |
Speakers used in the keyboard | 1,130 |
Production supervisor's salary | 2,260 |
Glue and screws used in the keyboards | 260 |
Wages of persons who install the speakers | 2,840 |
Cost to run an ad on local radio stations | 610 |
Utilities for the factory | 1,360 |
Personnel manager's salary | 2,660 |
Wages of person who attaches legs to keyboards | 2,070 |
Required:
- Calculate the total product cost for Foogly.
- Calculate the prime cost for Foogly.
- Calculate the manufacturing overhead for Foogly.
- Calculate the direct labor for Foogly.
- Calculate the conversion cost for Foogly.
- Calculate the total variable cost (with number of units produced as the activity) for Foogly.
- Calculate the total fixed cost (with number of units produced as the activity) for Foogly.
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