Answered step by step
Verified Expert Solution
Question
1 Approved Answer
m/takeAssignment/take AssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Job Costs At the end of August, Ingram Company had completed Jobs 40 and 42. Job 40
m/takeAssignment/take AssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Job Costs At the end of August, Ingram Company had completed Jobs 40 and 42. Job 40 is for 500 units, and Job 42 is for 200 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 700 units for Job 40 at $22 per unit and 1,100 units for Job 42 at $20 per unit. During August, Ingram Company accumulated 400 hours of direct labor costs on Job 40 and 1,200 hours on Job 42. The total direct labor was incurred at a rate of $14 per direct labor hour for Job 40 and $16 per direct labor hour for Job 42. The predetermined factory overhead rate is $8.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August. Job 40 $ Job 42 $ b. Determige the cost per unit for Jobs 40 and 42 at the end of August. If required, round your answers to the nearest cent. Job 40 $ Job 42 Previous Check My Work 2 more Check My Work uses remaining
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started