Business, 01.03.2021 03:20 amulets7017

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 $ 930
Depreciation on CEO's company car 110
Speakers used in the keyboard 1,290
Production supervisor's salary 2,330
Glue and screws used in the keyboards 260
Wages of persons who install the speakers 2,990
Cost to run an ad on local radio stations 655
Utilities for the factory 1,270
Personnel manager's salary 2,630
Wages of person who attaches legs to keyboards 2,060

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.

Answers: 2

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Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following...

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