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Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding...

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Accounting

Bell Company, a manufacturer of audio systems, started itsproduction in October 2020. For the preceding 3 years, Bell hadbeen a retailer of audio systems. After a thorough survey of audiosystem markets, Bell decided to turn its retail store into an audioequipment 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, therent on the equipment used to assemble audio systems amounts to$5,300 per month. Indirect materials cost $7 per system. Asupervisor was hired to oversee production; her monthly salary is$3,700.

Factory janitorial costs are $1,600 monthly. Advertising costs forthe audio system will be $9,100 per month. The factory buildingdepreciation expense is $6,000 per year. Property taxes on thefactory building will be $8,400 per year.

Assuming that Bell manufactures, on average, 1,000 audio systemsper month, enter each cost item on your answer sheet, placing thedollar amount per month under the appropriate headings. Total thedollar amounts in each of the columns.

Compute the cost to produce one audio system

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