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Problem 19-02A a-b Oriole Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Oriole had been a
Problem 19-02A a-b Oriole Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Oriole had been a retailer of audio systems. After a thorough survey of audio system markets, Oriole 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 $14 per hour. An audio system usually takes 5 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,100 per month. Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is $3,700. Factory janitorial costs are $1,600 monthly. Advertising costs for the audio system will be $9,300 per month. The factory building depreciation expense is $7,200 per year. Property taxes on the factory building will be $8,400 per year. Your answer is partially correct. Try again. Assuming that Oriole 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 Materials Direct Labor Manufacturing Overhead Period Costs Cost Item Raw materials 106500 Wages for workers 129220 Rent on equipment 5390 Indirect materials 9940 Factory supervisor's salary 3210 Janitorial costs 2250 Advertising 9120 Depreciation on factory building 580 Property taxes on factory building 710 106500 106500 129220 22080 9120 LINK TO TEXT X] your answer is incorrect. Try again. Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system 181.55
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