Ask Question
18 February, 14:12

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.

+3
Answers (1)
  1. 18 February, 17:08
    0
    Instructions are below.

    Explanation:

    Giving the following information:

    Job 765:

    Direct material = $5,670

    Direct labor = $3,500

    Machine Hours = 27

    Job 766:

    Direct material = $8,900

    Direct labor = $4,775

    Machine Hours = 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.

    Costs sheet:

    Job 765:

    Direct material = 5,670

    Direct labor = 3,500

    Allocated overhead = 200*27 = 5,400

    Total cost = 14,570

    Unitary cost = 14,570/152 = $95.85

    Job 766:

    Direct material = 8,900

    Direct labor = 4,775

    Allocated overhead = 200*44 = 8,800

    Total cost = 22,475

    Unitary cost = 22,475/250 = $89.9
Know the Answer?
Not Sure About the Answer?
Get an answer to your 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: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers