Metlock Company has been a retailer of audio systems for the past 3 years. However, after a thorough survey of audio system markets, Metlock decided to turn its retail store into an audio equipment factory. Production began October 1, 2022. Direct materials costs for an audio system total $77 per unit. Workers on the production lines are paid $14 per hour. An audio system takes 7 labor hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $6,000 per month. Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is $5,140. Factory janitorial costs are $1,890 monthly. Advertising costs for the audio system will be $8,770 per month. The factory building depreciation is $6,600 per year. Property taxes on the factory building will be $8,400 per year. (a) Assuming that Metlock 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. Product Costs Cost Item Direct Materials Direct Labor Manufacturing Overhead Period Costs Direct materials $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount Wages for workers enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Rent on equipment enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Indirect materials enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Factory supervisors salary enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Janitorial costs enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Advertising enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Depreciation on factory building enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Property taxes on factory building enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount $enter a total amount $enter a total amount $enter a total amount $enter a total amount eTextbook and MediaAssistance Used eTextbook Video Attempts: 0 of 3 used Using multiple attempts will impact your score. 10% score reduction after attempt 2 (b) Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system $enter the production cost per system in dollars rounded to 2 decimal places eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 10% score reduction after attempt 2