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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:

  1. Calculate the total product cost for Foogly.
  2. Calculate the prime cost for Foogly.
  3. Calculate the manufacturing overhead for Foogly.
  4. Calculate the direct labor for Foogly.
  5. Calculate the conversion cost for Foogly.
  6. Calculate the total variable cost (with number of units produced as the activity) for Foogly.
  7. Calculate the total fixed cost (with number of units produced as the activity) for Foogly.

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