Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765 Job 766 Job 765 $ Job 766 $ Direct Materials $8,680 14,535 Job 765 $ Job 766 $ Direct Labor $2,604 4,590 Machine Hours Job 765 produced 186 units, and Job 766 consisted of 340 units. Assuming that factory overhead is applied using machine hours at a rate of $142 per hour. a. Determine the balance on each job cost sheet. 31 85 b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.
image text in transcribed
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job 765 produced 186 units, and Job 766 consisted of 340 units. Assuming that factory overhead is applied using machine hours at a rate of $142 per hour. a. Determine the balance on each job cost sheet. Job765$Job766$ b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent. Job765$Job766$

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