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Compute the cost to produce one audio system. (Round answer to 2 decimal places, eg. 15.25.) Production cost per system Costitem Direct Materials Raw materials
Compute the cost to produce one audio system. (Round answer to 2 decimal places, eg. 15.25.) Production cost per system Costitem Direct Materials Raw materials Wages for workers Rent on equipment Indirect materials Factory supervisor's salary Janitoriat costs Advertising Depreciation on factory building Property taxes on factory building Direct Manufacte Labor Overhe: Culver Company, a manufacturer of audio systems, started its production in October 2022. For the preceding 3 years, Culver had been a retailer of audio systems. After a thorough survey of audio system markets, Culver decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $75 per unit. Workers on the production lines are on average paid $15 per hour: An audio system usually takes 7 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,960 per month. Indirect materials cost $7 per system. A supervisor was hired to oversee production: her monthly salary is $3,860 Factory janitorial costs are $2,390 monthly. Advertising costs for the audio system will be $9,330 per month. The factory buliding depreciation expense is $7,080 per year. Property taxes on the factory building will be $8,400 per year
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