Solved Noteworthy, Inc., produces and sells small electronic

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 $880

°Depreciation on CEO's company car $170

°Speakers used in keyboard $1200

°Production supervisor's salary $2360

°Glue and screws used in the keyboards $260

°Wages of persons who install the speakers $2860

°Cost to run an ad on local radio stations $640

°Utlilities for the factory $1200

°Personnel manager's salary $2700

°Wages of person who attaches legs to keyboards $2050

Calculate the following

1. Total Production Cost

2. Prime Cost

3. Manufacturing Overhead

4. Direct Labor Cost

5. Conversion Cost

6. Total Variable Cost

7. Total Fixed Cost