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Q3 Hamdard Manufacturer Company, a manufacturer of radio, started its production in month of May 2019. Raw materials cost for a radio will total $85

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Q3 Hamdard Manufacturer Company, a manufacturer of radio, started its production in month of May 2019. Raw materials cost for a radio will total $85 per unit. Workers on the production lines are on average paid $15 per hour. A phone usually takes 6 hours to complete. In addition, the rent on the equipment used to assemble radio amounts to $8000 per month. Indirect materials cost $4 per phone. A supervisor was hired to oversee production; her monthly salary is $5,500. Factory Cleaning costs are $1,500 monthly. Advertising costs to sell phones will be 18,500 per month. The factory building depreciation expense is $2,400 per annum. Property taxes on the factory building will be $10800 per year. Depreciation of the office building is $900 per month. Hamdard manufactures Company, on average, 1250 radio per month, Instructions: a) Prepare an answer sheet with the following column headings for Product and Period cost. (4marks) b) Compute the cost to produce one phone.(1marks)

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