At the end of April, Cavy Company had completed Jobs 766 and 765. According to the individual job cost sheets the information is as follows:Job

4 answers
Question:

At the end of April, Cavy Company had completed Jobs 766 and 765. According to the individual job cost sheets the information is as follows: Job Direct Materials Direct Labor Machine Hours
Job 765 $6,720 $2,016 24
Job 766 $12,141 $3,834 71
Job 765 consisted of 144 units, and Job 766 consisted of 284 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $127 per hour. Determine the:
a. balance on the job cost sheets for each job
b. the cost per unit at the end of April.

Answers

a)

Job          Direct Materials     Direct Labor     overhead         Total Job cost

Job 765               $6,160           $1,848              $3,366                 $11,374

Job 766               $10,944         $3,456             $9,792                $24,192

b)

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job                 Direct Materials            Direct Labor          Machine Hours

Job 765               $6,160                         $1,848                      22

Job 766               $10,944                       $3,456                     64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e  balance on the job cost sheets

= Direct Materials  + Direct Labor + overhead

a)

Job          Direct Materials     Direct Labor     overhead         Total Job cost

Job 765               $6,160           $1,848              $3,366                 $11,374

Job 766               $10,944         $3,456             $9,792                $24,192

b)

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

Instructions are below.

Explanation:

Giving the following information:

Job 765:

Direct material= $5,670

Direct labor= $3,500

Machine Hours= 27

Job 766:

Direct material= $8,900

Direct labor= $4,775

Machine Hours= 44

Job 765 produced 152 units, and Job 766 consisted of 250 units.

Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour.

Costs sheet:

Job 765:

Direct material= 5,670

Direct labor= 3,500

Allocated overhead= 200*27= 5,400

Total cost= 14,570

Unitary cost= 14,570/152= $95.85

Job 766:

Direct material= 8,900

Direct labor= 4,775

Allocated overhead= 200*44= 8,800

Total cost= 22,475

Unitary cost= 22,475/250= $89.9

Ibelieve that the answer is d. because that is the only option that is efficient.

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.

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