Skysong Company has been a retailer of audio systems for the past 3 years. However, after a thorough survey of audio system markets, Skysong decided to turn its retail store into an audio equipment factory. Production began October 1, 2022. Direct materials costs for an audio system total $76 per unit. Workers on the production lines are paid $15 per hour. An audio system takes 7 labor 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 janitorial costs are $1,470 monthly. Advertising costs for the audio system will be $9,460 per month. The factory building depreciation is $6,840 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

$enter the production cost per system in dollars rounded to 2 decimal places