Question
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 $ 840 Depreciation on CEO's company car 200 Speakers used in the keyboard 1,270 Production supervisor's salary 2,330 Glue and screws used in the keyboards 250 Wages of persons who install the speakers 2,930 Cost to run an ad on local radio stations 630 Utilities for the factory 1,300 Personnel manager's salary 2,630 Wages of person who attaches legs to keyboards 2,070 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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