Indigo Company, a manufacturer of audio systems, started its production in October 2022. For the preceding 3 years, Indigo had been a retailer of audio systems. After a thorough survey of audio system markets, Indigo decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $77 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,070 per month. Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is Factory janitorial costs are $2,030 monthly. Advertising costs for the audio system will be $9,030 per month. The factory building depreciation expense is $6,360 per year. Property taxes on the factory building will be $8,520 per year. (a) Your answer is correct. Assuming that Indigo manufactures, on average, 1,400 audio systems per month, enter each cost item on your answer sheet, placing the dollar amount per month under the appropriate headings. Total the dollar amounts in each of the columns. Product Costs Cost Item Raw materials Wages for workers Rent on equipment Indirect materials (b) Direct Materials 107,800 $ i i Direct Labor 109,200 $ Manufacturing Overhead i $ i 5070 Period Costs i i i 1 i 7000 i Factory supervisor's salary i i 3700 i Janitorial costs i 2030 i Advertising Depreciation on factory building Property taxes on factory building eTextbook and Media Your answer is incorrect. i i i i i 530 710 9030 i i $ 107800 $ 109200 $ 19040 9030 Compute the cost to produce one audio system. (Round answer to 2 decimal places, eg. 15.25) Production cost per system $ Attempts: 2 of