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Brief Exercise 5-17 [LO 5-3] Montross Lumber processes wood to be shipped to construction companies. In order to keep its products uniform, Montross conducts inspections

Brief Exercise 5-17 [LO 5-3]

Montross Lumber processes wood to be shipped to construction companies. In order to keep its products uniform, Montross conducts inspections on 5% of the boards produced. Inspections cost the company $11 per hour and it takes 1 minute to inspect each board. How much would it cost to fill an order for 18,000 boards? (Do not round intermediate calculations.)

Cost to product 18,000 boards:

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