Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Job Costs At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 200 units, and Job 56 is

image text in transcribed Job Costs At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 200 units, and Job 56 is for 2,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 400 units for Job 50 at $18 per unit and 1,100 units for Job 56 at $18 per unit. During August, Carrothers Company accumulated 200 hours of direct labor costs on Job 50 and 1,100 hours on Job 56. The total direct labor was incurred at a rate of $22 per direct labor hour for Job 50 and $22 per direct labor hour for Job 56. The predetermined factory overhead rate is $10.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 50 and 56 at the end of August. Job 50 $ Job 56 $ b. Determine the cost per unit for Jobs 50 and 52 at the end of August. If required, round your answers to the nearest cent. Job 50 Job 56

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

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant M. Datar, Madhav V. Rajan

17th Edition

0135628474, 9780135628478

Students also viewed these Accounting questions

Question

What is the formula to calculate the mth Fibonacci number?

Answered: 1 week ago