Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7.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:

7.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 $7,280 $2,184 26 Job 766 $13,851 $4,374 81 Job 765 consisted of 156 units, and Job 766 consisted of 243 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $129 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 = $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago