At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Direct Materials Direct Labor Machine Hours Job Job No. 765 $10,360 Job No. 766 15,390 Job 765 consisted of 222 units, and Job 766 consisted of 360 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $136 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 $3,108 4,860 37 90 1

At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Direct Materials Direct Labor Machine Hours Job Job No. 765 $10,360 Job No. 766 15,390 Job 765 consisted of 222 units, and Job 766 consisted of 360 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $136 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 $3,108 4,860 37 90 1

Name: At the end of April, Cavy Company had completed Jobs 765 and 766. The
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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$10,360Job No. 76615,390Job 765 consisted of 222 units, and Job

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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Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $16.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 240 $ 160 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 60 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit
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A company uses job-order costing system with a pre-determined overhead rate based onthe machine hours. The total machine hours are 64,000 hours. The variable manufacturingoverhead per machine hour is $6 and the estimated total fixed manufacturing overheadscost is $704,000. The additional information for a job order "JOCS" is summarized asfollows:20DescriptionNumber of unitsTotal machine hoursDirect materials80$1,400$2,800Direct labor costsThe company marks up it unit product costs by 25%. With the provided information,compute the selling price of the unit in JOCS.
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A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor cost. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of 40% of direct labor cost. The job cost sheet of Job 2121 shows that the number of units in this job order is 50 units which incurred total of 90 labor-hours . This job consumed $ 20 / u * n * i * t of direct materials cost and $90/hour of direct labor. What would be the total manufacturing cost for Job 2121 approximately
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