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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 Depreciation on CEO's company car Speakers used in the keyboard Production supervisor's salary Glue and screws used in the keyboards Wages of persons who install the speakers Cost to run an ad on local radio stations Utilities for the factory Personnel manager's salary Wages of person who attaches legs to keyboards $ 880 240 1,220 2,340 260 2,880 680 1,340 2.640 2,100 Required: 1. Calculate the total product cost for Noteworthy Total Production Cost 2. Calculate the prime cost for Noteworthy Prime Cost 3. Calculate the manufacturing overhead for Noteworthy Manufacturing Overhead 4. Calculate the direct labor for Noteworthy Direct Labor Cost 4. Calculate the direct labor for Noteworthy. Direct Labor Cost 5. Calculate the conversion cost for Noteworthy. Conversion Cost 6. Calculate the total variable cost (with number of units produced as the activity) for Noteworthy. Total Variable Cost 7. Calculate the total fixed cost (with number of units produced as the activity) for Noteworthy Total Fixed Cost
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