Noteworthy, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information abc 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 Required: $ 880 120 1,290 2,220 260 2,900 615 1,300 2,650 2,110 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.
Noteworthy, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information abc 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 Required: $ 880 120 1,290 2,220 260 2,900 615 1,300 2,650 2,110 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
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
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.
$ 880
120
1,290
2,220
260
2,900
615
1,300
2,650
2,110
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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