Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve both please For each of the following independent cases (A-E), compute the missing values in the table: Prime Caso Total Cost Conversion Cost Direct

Solve both please

image text in transcribed

For each of the following independent cases (A-E), compute the missing values in the table: Prime Caso Total Cost Conversion Cost Direct Materials Direct Labor Manufacturing Manufacturing Overhead Cost $ 9,570 $ 16,300 $ $ B 10.640 25,700 7,500 43,380 3.910 10,180 43,000 21,000 57.000 110.100 47,650 D E 12,050 14.100 68,650 56,700 25,000 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 $ 970 170 1,100 2,310 260 2,850 625 1,290 2,680 2,120 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. $ 10,900 1. Total Product Cost 2. Prime Cost 3. Manufacturing Overhead 4. Direct Labor Cost 5. Conversion Cost 6. Total Variable Cost 7. Total Fixed Cost

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

Sm Auditing Integrated Appr Review Copy

Authors: ARENS LO, EBBECKE

7th Edition

0135914396, 978-0135914397

More Books

Students also viewed these Accounting questions