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Determine the gross margin per monitor

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Question - 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.

Reference no: EM131979409

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