Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of April, Cavy Company had completed Job 766 and 765. Job 766 is for 675 units, and Job 765 is for 900

image text in transcribed
image text in transcribed
At the end of April, Cavy Company had completed Job 766 and 765. Job 766 is for 675 units, and Job 765 is for 900 units. According to the individual job cost sheets the information is as follows: lob Direct Materials Direct Labor Machine Hours lob 765 Job 766 $5,670 58.900 $3,500 $4,775 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. QUESTION 31 At the end of April, Cavy Company had completed Job 766 and 765. Job 766 is for 675 units, and Job 765 is for 900 units. According to the individual job cost sheets the information is as follows: Job Direct Materials Direct Labor Machine Hours Job 765 Job 766 $5.670 $8,900 $3.500 $4,775. 27 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. TT TT Paragraph Arial 3 (12pt) %DOQ TT. fx Mashups - 15

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