Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell 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 $13 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 $5,400 per month. Indirect materials cost $7 per system. A supervisor was hired to oversee production; her monthly salary is $3,200. Factory janitorial costs are $2,300 monthly. Advertising costs for the audio system will be $9,100 per month. The factory building depreciation expense is $7,200 per year. Property taxes on the factory building will be $8,400 per year. Assuming that Bell manufactures, on average, 1,000 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 Direct Direct Manufacturing Period Cost Item Materials Labor Overhead Costs Raw materials $ $ Wages for workers Rent on equipment Indirect materials Factory supervisor's salary Janitorial costsRent on equipment Indirect materials Factory supervisor's salary Janitorial costs Advertising Depreciation on factory building Property taxes on factory building $ Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system $ Click if you would like to Show Work for this question: Open Show WorkExercise 176 Determine the missing manufacturing cost data for Morton Company are presented below. Case A Case B Case C Direct materials used (a) $75,400 $130,000 Direct labor $57,000 76,000 (9) Manufacturing overhead 46,500 81,600 102,000 Total manufacturing costs 195,650 (d) 283,700 Work-in-process, 1/1/19 (b) 16,500 (h) Total cost of work-in-process 221,500 (e) 327,000 Work-in-process, 12/31/19 (c) 9,000 80,000 Cost of goods manufactured 180,275 (F ) (i) Click if you would like to Show Work for this question: Open Show WorkUsed Used Overhead Costs (1) $43,600 $63,400 $52,700 $ 159700 (2) $ 76400 $78,600 $144,000 $299,000 (3) $56,100 $ 144900 $112,000 $313,000 Determine the missing amounts. Total Work Work Cost of Manufacturing in Process in Process Goods Costs (January 1) ( December 31) Manufactured (1) $ $121,000 $85,300 $ (2) $299,000 $99,100 $322,800 (3) $313,000 $467,000 $ $717,000 Click if you would like to Show Work for this question: Modify Show Work Question Attempts: 0 of 3 used