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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