Question 5 Grouper Company, a manufacturer of audio systems, started its production in October 2017, For the preceding 3 years, Grouper had been a retailer of audio systems. After a thorough survey of audio system markets, Grouper decided to turn its retail store into an audio equipment factory, Raw materials cost for an audio system will total $76 per unit. Workers on the production lines are on average paid $15 per hour. An audio system usually takes7 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,440 per month, Indirect materials cost $7 per system, A supervisor was hired to oversee production; her monthly salary is $3,820. Factory Ianitorial costs are 1,470 monthly. Advertising costs for the audio system will be $9,460 per month. The factory building depreciat on expense is $6,840 per year. Property taes on the factory building will be $8,400 per year. Assuming that Grouper 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 Direct Direct Lahor Manufacturing Period Cost Item Raw materials Wages for workers Rent on equipment ndirect materials Factory supervisor's salary anitorial costs Depredation on factory bullding Property taxes on factory building Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.a. 15.25.) Production cost per system Click if you would like to Show Work for this question: Open Show Work Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. 11. 12. Advertising Indirect materials used in production Factory manager's salary Complete the following matrix by placing an X mark under the appropriate headings Direct Materials Direct Labor Manufacturing Overhead Period Costs Cost Item 2 4 6 7 8 10 12