Question

please help me solve this

T T $ 400 $3,000 $5,000 TESLA $500 $100 5100 each $100 $3,000 $100 each tire $SCO h $300 $1 each Let build a car / bike and dertemine its cost and selling price: 1. Cash balance $500,000 2. Purchase direct material to build the car. 3. Four assembly workers to build the car, each gets paid $40 per hour. It will take 8 hours total to completely build the car 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 required hours to build the car. 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 a rate of 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 car. Determine the selling price of the car. !!! Assume each business day is 8 hour.

Answer 1

1 2 3 4 5 Total Direct Material 13508 Total time to build the car 8 Hours Total Direct Labor 1280 Total Factory Overhead 2600 Total Factory Overhead Aplied 200% of 1280 2560 Total Cost of Goods Manufactured 17388 Total product cost of Finished product 17888 Total Cost of Goods Sold 19677 Total selling price for finished product 25% of 19677 24596 6 7 00 9

Total Materials cost Name of items from picture Materials Chasis 3000W Engine 5000 H Bumber 400T 500P 100T 100 500 Bumber 300 3000 8 Bolt Tyre 400 2001 Total Materials cost 13508

4 8 Labor Workers Hour per worker Total hours Pay per hour Total Direct labor 32 40 1280

8001 Total factory Overhead Fctory Supervisor Utility expense Equipment depreciation Insurance Total factory Overhead 500 8001 500 2600

13508 Total Cost of Goods Manufactured Total Direct Material Total Direct Labor Total Factory Overhead Aplied Total Cost of Goods Manufactured Total product cost of Finished product Total Cost of Goods Manufactured Production managers salary Total product cost of Finished product 1280 2600 17388 17388) 500 17888 Total Cost of Goods Sold Total product cost of Finished product Selling and Marketing expense 10% of 17888 Total Cost of Goods Sold 17888 1789 19677 Total selling price for finished product Total Cost of Goods Sold Mark up 25% of 19677 Total selling price for finished product 19677 4919 24596

Note. Production managers payment is considered as administrative cost

Name the parts all Iyou better know.