At the end of April, Cavy Company had completed Jobs 766 and 765. According to the...
At the end of April, Cavy Company had completed Jobs 766 and 765. According to the individual job cost sheets the information is as follows:
Job Direct Materials Direct Labor Machine Hours
Job 765 $10,080 $3,024 36
Job 766 $14,877 $4,698 87
Job 765 consisted of 216 units, and Job 766 consisted of 261 units.
Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $137 per hour.
a. Determine the balance on the job cost sheets for each job.
Job 765 $ ______
Job 766 $ ______
b. Determine the cost per unit at the end of April. Round to the nearest cent.
Job 765 $ ______
Job 766 $ ______
Homework Answers
a) Job Cost sheet
| Job 765 | Job 766 | |
| Direct material | 10080 | 14877 |
| Direct labor | 3024 | 4698 |
| Overhead | 36*137 = 4932 | 87*137 = 11919 |
| Total | 18036 | 31494 |
b) Cost per unit
| Job 765 | Job 766 | |
| Direct material | 10080 | 14877 |
| Direct labor | 3024 | 4698 |
| Overhead | 36*137 = 4932 | 87*137 = 11919 |
| Total | 18036 | 31494 |
| Unit | 216 | 261 |
| Unit cost | 83.50 | 120.67 |
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