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:
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 | $8,400 | $2,520 | 30 |
| Job 766 | $10,944 | $3,456 | 64 |
Job 765 consisted of 180 units, and Job 766 consisted of 256 units.
Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $140 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 = | $ |
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
