Question
Kevin?'s ?Electronics, Inc., delivered 1,300 ?custom-designed computer monitors to its? customer, Grand Devices. The following cost information was compiled in connection with this? order: Direct
Kevin?'s ?Electronics, Inc., delivered 1,300 ?custom-designed computer monitors to its? customer, Grand Devices. The following cost information was compiled in connection with this? order:
Direct Materials Used
Part? A327: 1 unit costing $64 per monitor
Part? B149: 1 unit costing $106 per monitor
Direct Labor Used
?Assembly: 5 hours per monitor at the rate of $8 per hour
?Inspection: 1 hour per monitor at the rate of $10 per hour
In? addition, the company applies manufacturing overhead costs to jobs at the rate of $7 per direct labor hour. The selling price for each monitor is $345.
Requirements
?(a) Determine the total cost for this job.
?(b) Determine the gross margin per monitor.
Determine the total cost for this job
Direct Materials:
Part A327: ___________
Part B149: ___________
Total : ___________
Direct Labor:
Assembly: ___________
Inspection: _________
Total: ______________
Overhead Costs: __________
TOTAL COST: ______________
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