Answer:
Total Product Cost = $10,910
The prime cost for Noteworthy = $6170
Total manufacturing overhead = $4740
The direct labor $5030
Conversion cost $9770
Total Variable Cost $7,700
Total Fixed Cost $6,595
Step-by-step explanation:
a) Total Product Cost is includes the sum of :
Depreciation on factory equipment $ 890
Speakers used in the keyboard $1,140
Production supervisor's salary $2,320
Glue and screws used in the keyboards $260
Wages of persons who install the speakers $2,970
Utilities for the factory $1,270
Wages of person who attaches legs to keyboards $2,060
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Total Product Cost = $10,910
b) The prime cost includes the sum of :
Speakers used in the keyboard $1,140
Wages of persons who install the speakers $2,970
Wages of person who attaches legs to keyboards $2,060
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The prime cost for Noteworthy = $6170
c) The manufacturing overhead
Depreciation on factory equipment $ 890
Production supervisor's salary $2,320
Glue and screws used in the keyboards $260
Utilities for the factory $1,270
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Total manufacturing overhead = $4740
d) The direct labor
Wages of persons who install the speakers $2,970
Wages of person who attaches legs to keyboards $2,060
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The direct labor $5030
e) Conversion cost
Direct Labor $5030
Manufacturing overhead $4740
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Conversion cost $9770
f) Total Variable Cost
Speakers used in the keyboard $1,140
Glue and screws used in the keyboards $260
Wages of persons who install the speakers $2,970
Wages of person who attaches legs to keyboards $2,060
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Total Variable Cost $7,700
g) Total Fixed Cost
Depreciation on factory equipment $ 890
Depreciation on CEO's company car $130
Production supervisor's salary $2,320
Cost to run an ad on local radio stations $615
Personnel manager's salary $2,640
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Total Fixed Cost $6,595
