Question
Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy's costs for the most recent month. Depreciation on
Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy's costs for the most recent month.
Depreciation on factory equipment---------------------$800
Depreciation on CEO's company car----------------------100
Speakers used in the keyboard------------------------1,100
Production supervisor's salary--------------------------2,200
Glue and screws used in the keyboards------------------370
Wages of persons who install the speakers------------2,800
Cost to run an ad on local radio stations----------------600
Utilities for the factory----------------------------------1,200
Personnel manager's salary----------------------------2,500
Wages of person who attaches legs to keyboards---1,950
Calculate the total product cost, prime cost, conversion cost, manufacturing overhead, direct labor, total variable cost (with # units produced as the activity) and total fixed cost (with # units produced as the activity) for Noteworthy. (Omit the "$" sign in your response.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started