Larkspur Company has been a retailer of audio systems for the past 3 years. However, after a thorough survey of audio system markets, Larkspur decided to turn its retail store into an audio equipment factory Production began October 1, 2022. Direct materials costs for an audio system total 875 per unit Workers on the production lines are paid $14 per hour. An audio syster takes Slabor hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5.110 per month Indirect materials cost $5 per system. A supervisor was hired to oversee production her monthly salary is $3.730 Factory janitorial costs are $1.550 monthly Advertising costs for the audio system will be $9.290 per month The factory building depreciation is $6,600 per year. Property taxes on the factory building will be $8.760 per year (a) Your Answer Correct Answer Your answer is correct Assuming that Larkspur manufactures on average 1.500 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 (b) X Your answer is incorrect. Compute the cost to produce one audio system. (Round answer to 2 decimal places, eg. 15.25.) Production cost per system $ 167.17