Direct materials costs for an audio system total $76 per unit. Workers on the production lines are paid $13 per hour. An audio system takes 6 labor hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,590 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 $9,570 per month. The factory building depreciation is $6,720 per year. Property taxes on the factory building will be $8,880 per year. (a) Assuming that Skysong manufactures, on average, 1,500 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. Cost Item Direct 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 Direct Materials S Product Costs Direct Labor JIN

Direct materials costs for an audio system total $76 per unit. Workers on the production lines are paid $13 per hour. An audio system takes 6 labor hours to complete. In addition, the rent on the equipment used to assemble audio systems amounts to $5,590 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 $9,570 per month. The factory building depreciation is $6,720 per year. Property taxes on the factory building will be $8,880 per year. (a) Assuming that Skysong manufactures, on average, 1,500 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. Cost Item Direct 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 Direct Materials S Product Costs Direct Labor JIN

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Description: 2022.Direct materials costs for an audio system total $76 per unit. Workers on the production lines are paid $13 per hour.An audio system takes 6 labor hours to complete. In addition, the rent on the equipment used to assemble audiosystems amounts t

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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