Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at the end of april, cavy company had completed jo

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual...

60.1K

Verified Solution

Question

Accounting

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information:
\table[[Job,Direct Materials,Direct Labor,Machine Hours],[Job 765,$7,840,$2,352,28],[Job 766,14,193,4,482,83]]
Job 765 produced 168 units, and Job 766 consisted of 415 units.
Assuming that factory overhead is applied using machine hours at a rate of $147 per hour.
a. Determine the balance on each job cost sheet.
Job 765$
Job 766$
b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.
Job 765$
Job 766$
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Three consecutive integers multiply together to give -120 a)Determine a polynomial equation to represent this situation. b)Using your...

Basic Math
Q

A 20 foot piece of wire is to be cut into two pieces. One piece is...

Basic Math
Q

An entrepreneur has a venture that will make either $100 million or $0. The chance that...

Economics
Q

Explain using examples what/who the Supreme Court of Erie County and the Western District of New...

Operations Management
Q

A painter wants to know the amount of paint needed to paint only the walls and...

Advance Math
Q

Does the board of directors need shareholder approval to decide operating policies?

General Management
Q

The radius of a globular cluster containing half a million stars is 10 parsecs or...

Basic Math
Q

The graph of a polynomial is shown below Which of the following identifies the ordered...

Basic Math
Q

Evaluate the function for f x x 3 and g x x 2 f g...

Calculus
Q

Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available...

Accounting
Q

Ritz Company had the following shares outstanding and Retained Earnings at December 31,...

Accounting
Q

B) Wilson Automotive received an insurance claim of $450,000 for fire damage in its property...

Accounting