Job Costs At the end of April Ingram Company had completed J

Job Costs At the end of April, Ingram Company had completed Jobs 50 and 51. Job 50 is for 200 units, and Job 51 is for 500 units. The following data relate to these two jobs: On Apri 20, raw materials were requisitioned for production as follows: 300 units for Job 50 at $20 per unit and 1,100 units for Job s1 at $10 per unit During April, Ingram Company accumulated 200 hours of direct labor costs on Job 50 and 800 hours on Job 51. The total direct labor was incurred at a rate of $20 per direct labor hour for Job 50 and $10 per direct labor hour for Job 51 The predetermined factory overhead rate is $11.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April. Job 50 Job 51 b. Determine the cost per unit for Jobs 50 and 51 at the end of April. Round all answers to the nearest whole cent. Job 50 Job 51

Solution

Details

Job 50

Job 51

Direct Material 300 Units @20

             6,000.00

Direct Material 1,100 Units @10

            11,000.00

Direct Labour 200 DLH @ 20

               4,000.00

Direct Labour 800 DLH @ 10

              8,000.00

Overhead 200*11

               2,200.00

Overhead 800*11

              8,800.00

Total Cost

             12,200.00

            27,800.00

No Of Units

                   200.00

              500.00

Cost Per Unit

                     61.00

                    55.6

Details	Job 50	Job 51
Direct Material 300 Units @20	6,000.00
Direct Material 1,100 Units @10		11,000.00
Direct Labour 200 DLH @ 20	4,000.00
Direct Labour 800 DLH @ 10		8,000.00
Overhead 200*11	2,200.00
Overhead 800*11		8,800.00
Total Cost	12,200.00	27,800.00
No Of Units	200.00	500.00
Cost Per Unit	61.00	55.6