At the end of April, Cavy Company had completed Job 766 and 765. According to th

Question

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 Job 765 Job 766 Job 765 consisted of 126 units, and Job 766 consisted of 380 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $119 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 Direct Materials $5,880 12,996 Direct Labor Machine Hours $1,764 21 4,104 76

Explanation / Answer

Solution :

a.

(b)

Job 765 Job 766 Direct Material 5,880 12,996 Direct Labour 1,764 4,104 Overhead 21 x $119 2,499 76 x $119 9,044 Balance on the job cost sheet $10,143 $26,144

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