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$200 each $5,000 $150 each $4,000 $100 each $1 each bike Let build a car / bike and dertemine its cost and selling price: 1. Cash balance $500,000 2. Purchase direct material to build the bike. 3. Two assembly workers to build the bike get paid $40 per hour. It will take 8 hours to build a 4. One Production Manager get paid $500 per day. 5. One Factory supervisor to perform quality control on the car built get paid $100 per hour Factory Supervisor's total work hour will be equal half of total hours required to build a 6. Utility expense is $500 per day. 7. Factory equipment depreciation is $800 per day 8. Factory Insurance expense is $500 per day. 9. The applied Factory overhead will be calculated at 200% of total Direct Labor cost. 10. Selling and marketing expense will be 10% of Cost of Goods Sold. 11. Manager wants to make 25% mark up of Total Costs on the bike. Determine the selling price. bike. !!! Assume each business day is 8 hour. Revenue Expense Assets Cash $500,000 1. Total Direct Material: 2. Total time to build the car / bike :.... 3. Total Direct Labor: 4. Total Factory Overhead: 5. Total Factory Overhead applied: ...... 6. Total Cost of Goods Manufacture: 7. Total Product cost for Finished Product: 8. Total Cost of Goods Sold 9. Total Selling price for the finished product: 10. Ending Cash Balance after the Sale

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