subject
Business, 08.10.2020 09:01 nia3378

Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw materials cost for an audio system will total $75 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 7 hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,390 per month. Indirect materials cost $7 per system. A supervisor was hired to oversee production; her monthly salary is $3,210.Factory janitorial costs are $2,250 monthly. Advertising costs for the audio system will be $9,120 per month. The factory building depreciation expense is $6,960 per year. Property taxes on the factory building will be $8,520 per year. Assuming that Bell manufactures, on average, 1,420 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 CostsCost Item Direct Direct Manufacturing Period Materials Labor Overhead CostsRaw materials $ $ $ $Wages for workers Rent on equipment Indirect materials Factory supervisor’s salary Janitorial costs Advertising 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

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 10:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
Answers: 1
question
Business, 22.06.2019 11:00
The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?
Answers: 1
question
Business, 22.06.2019 20:00
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
question
Business, 22.06.2019 20:30
Identify the level of the literature hierarchy for u.s. gaap to which each item belongs
Answers: 1
You know the right answer?
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the prece...
Questions
question
Mathematics, 24.09.2021 07:00
question
Mathematics, 24.09.2021 07:00
question
Mathematics, 24.09.2021 07:00
question
Mathematics, 24.09.2021 07:00
Questions on the website: 13722362