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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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 | $ | 940 | |
| Depreciation on CEO's company car | 130 | ||
| Speakers used in the keyboard | 1,280 | ||
| Production supervisor's salary | 2,280 | ||
| Glue and screws used in the keyboards | 270 | ||
| Wages of persons who install the speakers | 2,860 | ||
| Cost to run an ad on local radio stations | 650 | ||
| Utilities for the factory | 1,210 | ||
| Personnel manager's salary | 2,620 | ||
| 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 conversion cost for Noteworthy. |
| 4. | Calculate the manufacturing overhead for Noteworthy. |
| 5. | Calculate the direct labor 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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