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 Direct Materials $11,200 14,364 Job 765 $ Job 766 $ Direct Labor $3,360 4,536 Machine Hours 40 84 Job 765 produced 240 units, and Job 766 consisted of 420 units. Assuming that factory overhead is applied using machine hours at a rate of $105 per hour. a. Determine the balance on each job cost sheet. Job 765 $ Job 766 $ 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 Direct Materials $11,200 14,364 Job 765 $ Job 766 $ Direct Labor $3,360 4,536 Machine Hours 40 84 Job 765 produced 240 units, and Job 766 consisted of 420 units. Assuming that factory overhead is applied using machine hours at a rate of $105 per hour. a. Determine the balance on each job cost sheet. Job 765 $ Job 766 $ 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 following information:JobJob 765Job 766Direct Materials$11,20014,364Job 765 $Job 766 $Direct Labor$3,3604,536Machine Hours4084Job 765 produce

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 April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job 765 $7,560 $2,268 27 Job 766 12,654 3,996 74 Job 765 produced 162 units, and Job 766 consisted of 222 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $150 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 $1 %24 %24
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