Noteworthy, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information...
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Noteworthy, Incorporated, produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy's costs for the most recent month. 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. \begin{tabular}{|l|l|} \hline 1. Total Product Cost \\ \hline 2. Prime Cost \\ \hline 3. Manufacturing Overhead \\ \hline 4. Direct Labor Cost \\ \hline 5. Conversion Cost \\ \hline 6. Total Variable Cost \\ \hline 7. Total Fixed Cost & \\ \hline \end{tabular}
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