U - S Weygandt, Accounting Principles, 13e Help System Announcements PRINTER VERSION BACK CALCULATOR NEXT Problem 19-02A a-b Sheridan Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Sheridan had been a retailer of audio systems. After a thorough survey of audio system markets, Sheridan decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $76 per unit Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,600 per month. Indirect materials cost $7 per system. A supervisor was hired to oversee production; her monthly salary is $3,600. Factory janitorial costs are $1,600 monthly Advertising costs for the audio system will be $9,600 per month. The factory building depreciation expense is $7,200 per year. Property taxes on the factory building will be $8,400 per year. Assuming that Sheridan manufactures, on average, 1,000 audio systems 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 Product Costs Period Direct Materials Direct Labor Manufacturing Overhead Cost Item Costs Raw materials 76000 Wages for workers Rent on equipment Indirect materials Factory supervisor's salary Janitorial costs 1600 Advertising 9600 Depreciation on factory building Property taxes on factory building Compute the cost to produce one audio system. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per system Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 3 used