Noteworthy, Incorporated, 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 $ 990 170 1,150 2,330 250 Wages of persons who install the speakers 2,840 Cost to run an ad on local radio stations 645 Utilities for the factory 1,230 Personnel manager's salary 2,560 Wages of person who attaches legs to keyboards 2,150 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. Answer is complete but not entirely correct. 1. Total Product Cost $ 11,220 x 2. Prime Cost $ 6,050 x 3. Manufacturing Overhead $ 10,120 4. Direct Labor Cost $ 5,170 5. Conversion Cost $ 4,950 x 6. Total Variable Cost $ 7,620 7. Total Fixed Cost $ 6,800