Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthys costs for the most recent month. Depreciation on

Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthys costs for the most recent month.

Depreciation on factory equipment $ 890
Depreciation on CEO's company car 170
Speakers used in the keyboard 1,140
Production supervisor's salary 2,240
Glue and screws used in the keyboards 250
Wages of persons who install the speakers 2,920
Cost to run an ad on local radio stations 610
Utilities for the factory 1,290
Personnel manager's salary 2,610
Wages of person who attaches legs to keyboards 1,990

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Of Sport Management

Authors: John Beech, Simon Chadwick

2nd Edition

027372133X, 9780273721338

More Books

Students also viewed these Accounting questions

Question

=+Do flexible schedules change the demand for resources?

Answered: 1 week ago