This is the "Bob - Homework... This problem is NOT in your textbook Prob 15-2B AND... Prob 15-4B. Required: below this problem B (next page) are the "working papers" for you to complete and then submit to the instructor... by the due date. Optional. Below your ProbB working papers (scroll down 3 pages) are the answers to the similar, Prob A If ed, refer to the Prob A answers to help you complete your assignment P15-2B Eliott Company. a manufacturer of tennis rackets, started production in November 2017 For the preceding 5 years, Elliott had been a retailer of sports equipment After a thorough survey of tennis racket markets. Eliott decided to turn its retail store into a tennis racket factory Raw materials cost for a tennis racket will total $23 per racket. Workers on the production lines are paid on average $15 per hour. A racket usualy takes 2 hours to complete In addition, the rent on the equipment used to produce rackets amounts to $1,300 per month, Indirect materials cost $3 per racket. A supervisor was hired to oversee production, her monthly salary is $3,500 Factory Janitorial costs are $1.400 monthly. Advertising costs for the rackets wil be $8,000 per month. The factory building depreciation expense is $8,400 per year Property taxes on the factory building will be S9.600 per year Instructions fa) Prepase-an answer sheet with the lollowing cokuma headings (Completed for you) Assuming that Elliott manufactures, on average, 2,500 tennis rackets 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. (b) Compute the cost to produce one racket Product Costs Direct Labor Mig Overhead Period Costs Direct Materials Raw Materials (1) Wages for Workers (2) Rent on Equipment Indirect Materials (3) Factory Supervisors Salary Janitorial Costs Advertising Depreciation on Factory Bldg. (4) Property Taxes on Factory Bldg. (6) Column Totals 15.200 SHOW your calculations to arrive at amounts above that correlate to the left column numbers. 1) 2) 3) 4) 5) Total Production Costs: List each of the 3 cost categories and there amounts Total Production Costs Production Cost Per Racket