At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: $$\begin{array} { | l | l | l | l | }
\hline \text { Job } & \text { Direct Materials } & \text { Direct Labor } & \text { Machine Hours } \
\hline \text { Job No. } 765 & \$ 5,670 & \$ 3,500 & 27 \
\hline \text { Job No. } 766 & \$ 8,900 & \$ 4,775 & 44 \
\hline
\end{array}$$ 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

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: $$\begin{array} { | l | l | l | l | } 
\hline \text { Job } & \text { Direct Materials } & \text { Direct Labor } & \text { Machine Hours } \
\hline \text { Job No. } 765 & \$ 5,670 & \$ 3,500 & 27 \
\hline \text { Job No. } 766 & \$ 8,900 & \$ 4,775 & 44 \
\hline
\end{array}$$ 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.

Quizplus · Accepted Answer

The Answer of At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: $$\begin{array} { | l | l | l | l | } 
\hline \text { Job } & \text { Direct Materials } & \text { Direct Labor } & \text { Machine Hours } \
\hline \text { Job No. } 765 & \$ 5,670 & \$ 3,500 & 27 \
\hline \text { Job No. } 766 & \$ 8,900 & \$ 4,775 & 44 \
\hline
\end{array}$$ 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.

At the End of April, Cavy Company Had Completed Jobs