Job Costs At the end of August, Kaye Company had completed Jobs 40 and 42. Job 4
ID: 2551125 • Letter: J
Question
Job Costs
At the end of August, Kaye Company had completed Jobs 40 and 42. Job 40 is for 200 units, and Job 42 is for 500 units.
The following data relate to these two jobs:
On August 4, raw materials were requisitioned for production as follows: 700 units for Job 40 at $16 per unit and 1,200 units for Job 42 at $14 per unit.
During August, Kaye Company accumulated 300 hours of direct labor costs on Job 40 and 400 hours on Job 42. The total direct labor was incurred at a rate of $20 per direct labor hour for Job 40 and $10 per direct labor hour for Job 42.
The predetermined factory overhead rate is $4.00 per direct labor hour.
a. Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August.
b. Determine the cost per unit for Jobs 40 and 42 at the end of August. If required, round your answers to the nearest cent.
Job 40 $ Job 42 $Explanation / Answer
a Job 40 Job 42 Direct materials 11200 16800 Direct labor costs 6000 4000 Factory overhead 1200 1600 Total cost 18400 22400 b Job 40 92 =18400/200 Job 42 44.8 =22400/500
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