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T T $ 400 $3,000 $5,000 TESLA $500 $100 5100 each $100 $3,000 $100 each tire $SCO h $300 $1 each Let build a car / bike and dertemine its cost and selling price: 1. Cash balance $500,000 2. Purchase direct material to build the car. 3. Four assembly workers to build the car, each gets paid $40 per hour. It will take 8 hours total to completely build the car 4.One Production Manager get paid $500 per day. 5. One Factory supervisor to perform quality control on the car built get paid $100 per hour Factory Supervisor's total work hour will be equal half of required hours to build the car. 6. Utility expense is $500 per day. 7. Factory equipment depreciation is $800 per day 8. Factory Insurance expense is $500 per day. 9. The applied Factory overhead will be calculated at a rate of 200% of total Direct Labor cost. 10. Selling and marketing expense will be 10% of Cost of Goods Sold. 11. Manager wants to make 25% mark up of Total Costs on the car. Determine the selling price of the car. !!! Assume each business day is 8 hour. Revenue Expense Assets Cash $500,000 1. Total Direct Material: 2. Total time to build the car / bike : 3. Total Direct Labor : 4. Total Factory Overhead: 5. Total Factory Overhead applied: 6. Total Cost of Goods Manufacture: 7. Total Product cost for Finished Product: 8. Total Cost of Goods Sold. 9. Total Selling price for the finished product