Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Aug 2017 My Price 14.00

Noteworthy, Inc.

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.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Aug 2017 12:08 AM My Price 14.00

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