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At the end of August, Carrothers Company had completed Jobs 50 and 56 . Job 50 is for 500 units, and Job 56 is for
At the end of August, Carrothers Company had completed Jobs 50 and 56 . Job 50 is for 500 units, and Job 56 is for 200 units. The following data relate to these two jobs: On August 4, raw materials were requivitioned for production as foliows: 400 units for 30b50 at $10 per unit and 1,000 units for 30056 at $14 per unit. During August, Carrothers Company accumulated 700 hours of direct labor costs on Job 50 and 1,000 hours on Job 56 . The total cirect labor was incurred at a rate of $14 per direct Labor hour for job 50 and $24 per direct labor hour for Job 56 . The predetermined factory overhead rate is $15.00 per direct labor hour. a. Determine the balance on the job cost theets for Jobs 50 and 56 at the end of August. 30ob50 30b56 b. Determine the cost per unit for 30b530 and 52 at the end of August. If required, round your answers to the nearest cent. 30b50s Job 56
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