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Job cost Bert's Electronics Inc. delivered 1,500 custom-designed computer monitors to its cus- tomer, Video Shack. The following cost information was compiled in connection
Job cost Bert's Electronics Inc. delivered 1,500 custom-designed computer monitors to its cus- tomer, Video Shack. The following cost information was compiled in connection with this order: Direct Materials Used Part A327: 1 unit costing $70 per monitor Part B 149: 1 unit costing $100 per monitor Direct Labor Used Assembly: 6 hours per monitor at the rate of $20 per hour Inspection: 1 hour per monitor at the rate of $22 per hour In addition, the company applies manufacturing overhead costs to jobs at the rate of $15 per direct labor hour. The selling price for each monitor is $500. Required (a) Determine the total cost for this job. (b) Determine the gross margin per monitor.
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