Job Costs At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50
ID: 2471838 • Letter: J
Question
Job Costs
At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 500 units, and Job 51 is for 200 units.
The following data relate to these two jobs:
On April 20, raw materials were requisitioned for production as follows: 600 units for Job 50 at $10 per unit and 1,300 units for Job 51 at $14 per unit.
During April, Kaye Company accumulated 300 hours of direct labor costs on Job 50 and 500 hours on Job 51. The total direct labor was incurred at a rate of $12 per direct labor hour for Job 50 and $14 per direct labor hour for Job 51.
The predetermined factory overhead rate is $7.00 per direct labor hour.
a. Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April.
b. Determine the cost per unit for Jobs 50 and 51 at the end of April. Round all answers to the nearest whole cent.
Job 50 $ Job 51 $Explanation / Answer
Answer a Job cost sheet for April Job 50 Job 51 Raw material cost $6,000 $18,200 Direct Labour cost $3,600 $7,000 Factory overhead cost $2,100 $3,500 Total Cost $11,700 $28,700 Answer b Determination of cost per unit for Jobs Job 50 Job 51 Total Cost $11,700 $28,700 Total Completed Units (in nos.) 500 200 Cost per unit (in $) $23.40 $143.50 Working For the month of April Job 50 Job 51 Raw material cost Raw material requisitioned (in nos.) 600 1300 Raw material cost per unit (in $) 10 14 Total Raw material cost (In $) 6000 18200 Direct Labour cost Direct labour hours 300 500 Direct labour cost per hour (in $) 12 14 Total Direct labour cost (in $) 3600 7000 Factory overhead cost Direct labour hours 300 500 Overhead rate per hour (in $) 7 7 Factory overhead applied (in $) 2100 3500
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.