At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is as follows:

Job	Direct Materials	Direct Labor	Machine Hours

Job 765	$5,670	$3,500	27
Job 766	$8,900	$4,775	44

Job 765 produced 152 units, and Job 766 consisted of 250 units.

Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour, determine the (a) balance on the job cost sheets for each job, and (b) the cost per unit at the end of April.

Solutions

Expert Solution

a) Balance of Job cost sheet

	Job 765	Job 766
Direct material	5670	8900
Direct labor	3500	4775
Overhead	27*200 = 5400	44*200 = 8800
Total Job cost	14570	22475

b) Cost per unit

Job 765 = 14570/152 = 95.86

Job 766 = 22475/250 = 89.90

ekkarill92 answered 1 year ago

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