Sheffield Company, a manufacturer of audio systems, started its production in October 2022 . For the preceding 3 vears, Shetfield thad been a retailer of audio systems. After a thorough survey of audio system markets, Sheffield 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 acidio systems amounts to $5,320 per month. Indirect materials cost $7 per system. A supervisor was hired to oversee production her monthly salary is $3,710. Factory janitorial costs are $1,570 monthly. Advertising costs foc the audio system will be $9,130 per month. The factory building depreciation expense is $6,240 per year. Property taxes on the factory building will be $8,400 per year. Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system