Question

Check my wou 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 $ 990 200 1,280 2,320 250 2,880 665 1,360 2,680 1,970 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. 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. es 1. Total Product Cost 2. Prime Cost 3. Manufacturing Overhead 4. Direct Labor Cost 5. Conversion Cost 6. Total Variable Cost 7. Total Fixed Cost

Answer 1

A B 1 1) 2 Particulars Amount 3 Depreciation on factory equipment $ 990 4 Speakers used in keyboard $ 1,280 5 Production supervisor's salary $ 2,320 6 Glue and screws used in the keyboards $ 250 7 Wages of persons who install the speakers $ 2,880 8 Utilities for the factory $ 1,360 9 Wages of person who attaches legs to keyboards $ 1,970 10 Total product Cost $ 11,050 11 12 2) Particulars Amount 14 Speakers used in keyboard $ 1,280 15 Wages of persons who install the speakers $ 2,880 16 Wages of person who attaches legs to keyboards $ 1,970 17 Prime Cost $ 6,130 13 18 19 3) 20 Particulars 21 Depreciation on factory quipment 22 Production supervisor's salary 23 Glue and screws used in the keyboards 24 Utilities for the factory 25 Manufacturing overhead 26 27 4) 28 Particulars Amount $ 990 $ 2,320 $ 250 $ 1,360 $ 4,920 Amount

29 Wages of persons who install the speakers $ 2,880 30 Wages of person who attaches legs to keyboards $ 1,970 31 Direct Labor cost $ 4,850 32 33 5) 34 Particulars Amount 35 Direct Labor cost $ 4,850 36 Manufacturing overhead $ 4,920 37 Conversion cost $ 9,770 38 39 6) 40 Particulars Amount 41 Speakers used in keyboard $ 1,280 42 Glue and screws used in the keyboards $ 250 43 Wages of persons who install the speakers $ 2,880 44 Wages of person who attaches legs to keyboards $ 1,970 45 Utilities for the factory $ 1,360 46 Total Variable cost $ 7,740 47 48 7) 49 Particulars 50 Depreciation on factory equipment 51 Depreciation on CEO's company car 52 Production supervisor's salary 53 Cost to run an ad on local radio stations 54 Personnel manager's salary 55 Total Fixed cost Amount $ 990 $ 200 $ 2,320 $ $ 2,680 $ 6,855 665 56.

А B Amount 990 1280 2320 250 2880 1360 1 1) 2 Particulars 3 Depreciation on factory equipment 4 Speakers used in keyboard 5 Production supervisor's salary 6 Glue and screws used in the keyboards 7 Wages of persons who install the speakers 8 Utilities for the factory 9 Wages of person who attaches legs to keyboards 10 Total product Cost 11 12 2) 13 Particulars 14 Speakers used in keyboard 15 Wages of persons who install the speakers 16 Wages of person who attaches legs to keyboards 17 Prime Cost 1970 =SUM(B3:39) Amount 1280 2880 1970 =+B14+B15+B16 18 Amount 990 19 3) 20 Particulars 21 Depreciation on factory quipment 22 Production supervisor's salary 23 Glue and screws used in the keyboards 24 Utilities for the factory 25 Manufacturing overhead 2320 250 1360 |=SUM(B21:B24) 26 274) 28 Particulars Amount

29 Wages of persons who install the speakers 2880 30 Wages of person who attaches legs to keyboards 1970 31 Direct Labor cost =+B29+B30 32 33 5) 34 Particulars Amount 35 Direct Labor cost =+B31 36 Manufacturing overhead =+B25 37 Conversion cost =+B35+B36 38 39 6) Amount 1280 250 2880 1970 1360 =SUM(B41:B45) 40 Particulars 41 Speakers used in keyboard 42 Glue and screws used in the keyboards 43 Wages of persons who install the speakers 44 Wages of person who attaches legs to keyboards 45 Utilities for the factory 46 Total Variable cost 47 48 7) 49 Particulars 50 Depreciation on factory equipment 51 Depreciation on CEO's company car 52 Production supervisor's salary 53 Cost to run an ad on local radio stations 54 Personnel manager's salary 55 Total Fixed cost Amount 990 200 2320 665 2680 |=SUM(B50:354)

A Case 1 2 A B с D E F G Total Prime Conversion Direct Direct Manufacturing manufacturing Cost cost materials labor overhead cost $ 3,200 $ 4,660 $ 2,040 $ 1,160 $ 3,500 $ 6,700 $ 6,940$ 11,550 $ 2,260 $ 4,680 $ 6,870 $ 13,810 $ 4,650 $ 7,900 $ 1,470 $ 3,180$ 4,720 $ 9,370 $ 2,930$ 5,050 $ 900$ 2,030$ 3,020 $ 5,950 $ 11,520$ 20,660$ 3,380$ 8,140$ 12,520$ 24,040 3 B 4 С 5 D 6 E

A B D E F G 1 2 Direct labor 1160 =+B3-D3 3180 Case Direct Prime Cost Conversion cost materials A =+D2+E2 =+E2+F2 2040 B 6940 11550 2260 С =+D4+E4 7900 1470 D =+D5+E5 =+E5+F5 =+G5-F5-E5 E 11520 20660 3380 Manufacturing Total manufacturing overhead cost 3500 =+D2+E2+F2 6870 =+D3+E3+F3 =+C4-E4 9370 3 4 5 5950 2030 =+B6-D6 3020 =+C6-E6 6 =+D6+E6+F6