Ti Co, a manufacturer of stero started it's production as retailer in Oct 08 for 3 years then decided to turn it to stero equipment factory. Raw Material $74 per unit. Workers average paid $12 an hr. Stero system takes 5 hours to complete. Rent on the equipment used to assemble $4,900 per month. Indirect Materials cost $5 per system. Supervisor monthly salary $3,000. Jan it orial cost $1,300 monthly. Advertising $8,500 per month. Factory bldg depreciation expense $7,200per yr. Property tax $9,000 peryr.
Prepare answer sheet assuming Ti Manufactures,on average 1,300 stero per month.
Compute the cost to produce one stero system.(round answer to2 decimal places)