At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765 Job 766 Job 765 $ Job 766 $ Direct Materials $9,240 12,654 Job 765 $ Job 766 $ Direct Labor $2,772 3,996 Machine Hours Job 765 produced 198 units, and Job 766 consisted of 370 units. Assuming that factory overhead is applied using machine hours at a rate of $123 per hour. a. Determine the balance on each job cost sheet. 33 74 b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765 Job 766 Job 765 $ Job 766 $ Direct Materials $9,240 12,654 Job 765 $ Job 766 $ Direct Labor $2,772 3,996 Machine Hours Job 765 produced 198 units, and Job 766 consisted of 370 units. Assuming that factory overhead is applied using machine hours at a rate of $123 per hour. a. Determine the balance on each job cost sheet. 33 74 b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.

Name: At the end of April, Cavy Company had completed Jobs 766 and 765. The
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Description: At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the followinginformation:JobJob 765Job 766Direct Materials:$9,24012,654Job 765 $Job 766 $Direct Labor$2,7723,996Machine Hours3374Job 765 produced

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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