Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 9 of 9 2.78 / 6 View Policies Show Attempt History Current Attempt in Progress Teal Mountain Company has been a retailer of audio
Question 9 of 9 2.78 / 6 View Policies Show Attempt History Current Attempt in Progress Teal Mountain Company has been a retailer of audio systems for the past 3 years. However, after a thorough survey of audio system markets, Teal Mountain decided to turn its retail store into an audio equipment factory. Production began October 1, 2022. Direct materials costs for an audio system total $75 per unit. Workers on the production lines are paid $13 per hour. An audio system takes 6 labor hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,260 per month. Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is $3,780. Factory janitorial costs are $2,060 monthly. Advertising costs for the audio system will be $9,050 per month. The factory building depreciation is $6,960 per year. Property taxes on the factory building will be $8,520 per year. (b) * Your answer is incorrect. Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system $ $ 27.55 eTextbook and Media Save for Later Attempts: 2 of 5 used Submit Answer Question 9 of 9 2.78 / 6 View Policies Show Attempt History Current Attempt in Progress Teal Mountain Company has been a retailer of audio systems for the past 3 years. However, after a thorough survey of audio system markets, Teal Mountain decided to turn its retail store into an audio equipment factory. Production began October 1, 2022. Direct materials costs for an audio system total $75 per unit. Workers on the production lines are paid $13 per hour. An audio system takes 6 labor hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,260 per month. Indirect materials cost $5 per system. A supervisor was hired to oversee production; her monthly salary is $3,780. Factory janitorial costs are $2,060 monthly. Advertising costs for the audio system will be $9,050 per month. The factory building depreciation is $6,960 per year. Property taxes on the factory building will be $8,520 per year. (b) * Your answer is incorrect. Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system $ $ 27.55 eTextbook and Media Save for Later Attempts: 2 of 5 used Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started