Attempt 1 of 1 c Problem 10-2 Flounder Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Flounder had been a retailer of audio systems. After a thorough survey of audio system markets, Flounder decided to turn its retail store into an audio equipment factory. Raw materials cost for an audio system will total $76 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 5 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,630 per month. Indirect materials cost $7 per system. A supervisor was hired to oversee production; her monthly salary is $2,880. Factory janitorial costs are $2,180 monthly. Advertising costs for the audio system will be $8,670 per month. The factory building depreciation expense is $6,480 per year. Property taxes on the factory building will be $9,240 per year. systems per month, enter each cost item on your answer sheet, placing the dolla month under the appropriate headings. Total the dollar amounts in each of the columns. Product Costs Cost Item Direct Materials Direct Labor Manufacturing Overhead Period Costs Raw materials 76000 Wages for workers 65000 Rent on equipment 5630 Indirect materials 7000 Factory supervisor's salary 2880 Janitorial costs 2180 Advertising 8670 Depreciation on factory building 540 Property taxes on factory building 770 X 76000 65000 19000 8670 Your answer is incorrect. Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) X Production cost per system 168.67