At the end of April Cavy Company had completed Job 766 and 7

At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is as follows: Job Job 765 Job 766 Job 765 consisted of 126 units, and Job 766 consisted of 380 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $119 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 to the nearest cent. Job 765 Job 766 Direct Materials $5,880 12,996 Direct Labor Machine Hours $1,764 21 4,104 76

Solution

Solution :

a.

(b)

	Job 765	Job 766
Direct Material	5,880	12,996
Direct Labour	1,764	4,104
Overhead
21 x $119	2,499
76 x $119		9,044
Balance on the job cost sheet	$10,143	$26,144