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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 $ 870
Depreciation on CEO's company car 170
Speakers used in the keyboard 1,300
Production supervisor's salary 2,310
Glue and screws used in the keyboards 270
Wages of persons who install the speakers 2,840
Cost to run an ad on local radio stations 695
Utilities for the factory 1,340
Personnel manager's salary 2,550
Wages of person who attaches legs to keyboards 2,050

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.

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