Saba Bated Starting from Sath May 2000 and ending at 14 May 20 Marks Scored: 20 Following fill by the Student: Date & The On.. May 2020 .... Subediting through CAS Mail Black Board ......... Questions - Answer any FOURA usmarks Q1 Bauss Company, a manufacturer of bicycles, started its production in December 2019. For the preceding 5 years Boss Co. had been a retailer of bicycles. After a thorough survey of bicycles markets, management of the Bauss Co. decided to turn its retail store into a bicycles manufacturing factory. Cost of steel frame for a bicycles will total to $80 per unit. The cost of tires for every bicycle would be $25. Workers on the production lines are on average paid $35 per hour. A bicycle usually takes 8 hours to complete. In addition, the rent on the equipment used to assemble bicycle amounts to $6,000 per month. Indirect materials cost $7 per bicycle. A supervisor was hired to oversee production; her monthly salary is $3,500. Factory cleaning costs are $1,500 monthly. Utility costs amounts to $250 per month. Advertising costs to sell bicycles will be 10,500 per year. The factory building depreciation expense is $2,400 per month. Property taxes on the factory building will be $9.900 per year. Depreciation of the office building is S6,000 per annum. Sales salary is S 3500 per month. Assuming that Bauss manufactures, on average, 1450 bicycles per month Instructions: (a) Prepare an answer sheet with the following column headings PERIOD COST COST ITEMS DIRECT MATERIALS PRODUCT COST DIRECT MANUFACTURING LABOR OVERHEADS (w) Compute the cost to produce one phone