At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job No. 765 $8,680 31 Job No. 766 11,628 68 Job 765 consisted of 186 units, and Job 766 consisted of 204 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $137 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 Job 766 24,616 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 Job 766 15,531 83.50 $2,604 3,672 120.67

At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job No. 765 $8,680 31 Job No. 766 11,628 68 Job 765 consisted of 186 units, and Job 766 consisted of 204 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $137 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 Job 766 24,616 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 Job 766 15,531 83.50 $2,604 3,672 120.67

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Description: At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information:JobDirect Materials Direct LaborMachine HoursJob No. 765$8,68031Job No. 76611,62868Job 765 consisted of 186 units, and

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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At the end of Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: JobDirect Materials Direct Machine Hours Job No. 765 $ 5,670 3,500 Job No. 8,900 4,775 44 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. a. Determine the balance on the job cost sheets for each job Job 765 Job 766 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent Job 765 Job 766
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