Question
Electronics, Inc., delivered 800 custom-designed computer monitors to its customer, Techno Warrior. The following cost information was compiled in connection with this order: Direct Materials
Electronics, Inc., delivered
800
custom-designed computer monitors to its customer,
Techno Warrior.
The following cost information was compiled in connection with this order:
Direct Materials Used
Part A327: 1 unit costing
$68
per monitorPart B149: 1 unit costing
$90
per monitor
Direct Labor Used
Assembly:
4
hours per monitor at the rate of
$14
per hourInspection:
2
hour per monitor at the rate of
$8
per hour
.....
In addition, the company applies manufacturing overhead costs to jobs at the rate of
$3
per direct labor hour. The selling price for each monitor is
$410.
Requirements
(a) Determine the total cost for this job.
(b) Determine the gross margin per monitor.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started