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Kevin's Electronics, Inc., delivered 1,200 custom-designed computer monitors to its customer, Gadgets Galore . The following cost information was...

Kevin​'s ​Electronics, Inc., delivered 1,200 ​custom-designed computer monitors to its​ customer, Gadgets Galore. The following cost information was compiled in connection with this​ order:

Direct Materials Used

Part​ A327: 1 unit costing $56 per monitor

Part​ B149: 1 unit costing $98 per monitor

Direct Labor Used

​Assembly:6 hours per monitor at the rate of $8 per hour

​Inspection:2 hour per monitor at the rate of $12 per hour


In​ addition, the company applies manufacturing overhead costs to jobs at the rate of $5 per direct labor hour. The selling price for each monitor is $385.

Requirements

​(a) Determine the total cost for this job.

​(b) Determine the gross margin per monitor.

Top Answer

Answer a) Total cost for this... View the full answer

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