Jordan Levis, owner of AudioSupreme, sells and installs audio components and home theater systems. She just completed the installation of speakers and audio wiring in ten houses being built by Dream Homes, Inc. The job required materials costing $3,400 and 50 direct labor hours at $10 per hour. Overhead is applied on the basis of direct labor hours at a rate of $4 per hour.
Required
1. What is the total cost of the job? The unit cost?
2. If Jordan charges a price that is one-and-one-half times cost, what price is charged for each home?
3. What type of information would Jordan want to keep track of on a simple labor time ticket?