Question

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 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 speakens 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 $840 130 1,280 2,370 250 2,850 610 1,350 2,550 2,150 Required 1. Calculate the total product cost for Noteworthy Total Production Cost 2. Calculate the prime cost for Noteworthy Prime Cost 3. Calculate the manufacturing overhead for Noteworthy Manufacturing Overhead 4. Calculate the direct labor for Noteworthy Direct Labor Cost

Answer 1

Answer is provided in images.

1) Total Prduct Cost for Noteworth 840 1280 2370 250 2850 1350 2150 11090 Depreciation on factory equipment Speakers used in the keyboard Production supervisor's salary Glue and screws uesd in keyboards ages of persons who install the speakers Utilities for the factory Wages of person who attaches legs to keyboards Total 2) Prime Cost of Noteworthy 1280 2850 2150 6280 Speakers used in the keyboard ages of persons who install the speakers Wages of person who attaches legs to keyboards Total

3) Manufacturing overhead for Noteworthy 840 2370 250 1350 4810 Depreciation on factory equipment Production supervisor's salary Gl ue and screws used in the keyboards Utilities for the factory Total 4 Calculation of direct labour ages of persons who install the speakers ages of person who attaches legs to keyboards 2850 2150 5000 Total