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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 factory equipment Depreciaion on CEOs company car Speakers used in the keyboard Production supervisors 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 managers salary Wages of person who attaches legs to keyboards 810 210 ,140 2.350 260 2.840 625 1,380 2540 2,060
Required: 1. Calculate the total product cost for Noteworthy Total Production Cost 2. Calculate the prime cost for Noteworthy Cost 3. Calculate the manufacturing overhead for Noteworthy nufacturing Overhead 4. Calculate the direct labor for Noteworthy. rect Labor Cost 5. Calculate the conversion cost for Noteworthy. version Cost
6. Calculate the total variable cost (with number of units produced as the activity) for Noteworthy. Total Variable Cost 7. Calculate the total fixed cost (with number of units produced as the activity) for Noteworthy. Total Fixed Cost
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Answer #1

Answer:

1

Total Product Cost

10840

2

Total Prime Cost

6040

3

Conversion Cost

9700

4

Manufacturing Overhead

5800

5

Direct Labor

4900

6

Total Variable Cost

7680

7

Total Fixed Cost

6535

Working notes for the above answer is as under


128 129 130 1 131 2 132 3 133 4 134 5 135 6 136 7 Total Product Cost Total Prime Cost Conversion Cost Manufacturing Overhead Direct Labor Total Variable Cost Total Fixed Cost -810+1140+2350+260+2840+1380+2060 1140+2840+2060 2840+2060+810+2350+260+1380 810+2350+260+2380 2840+2060 1140+260+2840+1380+2060 -810+210+2350+625+2540

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