Job Costs At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 200 units, and Job 51 is for 500 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 $20 per unit and 1,300 units for Job 51 at $16 per unit. During April, Kaye Company accumulated 600 hours of direct labor costs on Job 50 and 400 hours on Job 51. The total direct labor was incurred at a rate of $20 per direct labor hour for Job 50 and $12 per direct labor hour for Job 51. The predetermined factory overhead rate is $8.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April. Job 50 $ Job 51 $ 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 $

Total Cost of Job 50 = $28,800

Total Cost of Job 51 = $28,800

Cost per unit Job 50 = $144

Cost per unit Job 51 = $57.6

Explanation:

a. The computation of balance on the job cost sheets for Jobs 50 and 51 at the end of April is shown below:-

Particulars Job 50 Job 51

Number of units 200 500

Direct material

Job 50 (600 * $20) $12,000

Job 51 (1,300 * $16) $20,800

Direct labor

Job 50 (600 * $20) $12,000

Job 51 (400 * $12) $4,800

Overhead

Job 50 (600 * $8.00) $4,800

Job 51 (400 * $8.00) $3,200

Total cost $28,800 $28,800

Total Cost of Job 50 = Direct material + Direct labor + Overhead

= $12,000 + $12,000 + $4,800

= $28,800

Total Cost of Job 51 = Direct material + Direct labor + Overhead

= $20,800 + $4,800 + $3,200

= $28,800

b. The computation of cost per units at the end for Jobs 50 and 51 at the end of April is shown below:-

Cost per unit of Job 50 = Total cost of Job 50 : Number of units of Job 50

= $28,800 : 200

= $144

Cost per unit of Job 50 = Total cost of Job 50 : Number of units of Job 50

= $28,800 : 500

= $57.6