At the end of August, Darling Company had completed Jobs 40 and 42. Job 40 is for 200 units, and Job 42 is for 2,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 500 units for Job 40 at $20 per unit and 900 units for Job 42 at $10 per unit. During August, Darling Company accumulated 800 hours of direct labor costs on Job 40 and 1,100 hours on Job 42. The total direct labor was incurred at a rate of $20 per direct labor hour for Job 40 and $24 per direct labor hour for Job 42. The predetermined factory overhead rate is $15.00 per direct labor hour. a.  Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August. Job 40 fill in the blank  Job 42 fill in the blank  b.  Determine the cost per unit for Jobs 40 and 42 at the end of August. If required, round your answers to the nearest cent. Job 40 fill in the blank  Job 42 fill in the blank

DEF Co. uses a job costing system. Normal costing is used and factory overhead is applied on the basis of machine hours. At the beginning of the year, management estimated that the company would incur P1,007,500 of factory overhead costs and use 77,500 machine-hours. DEF Co. recorded the following events during the month of April: a) Purchased 180,000 pounds of materials on account; the cost was P2.50 per pound. b) Issued120,000 pounds of materials to production. Of this amount, 15,000 pounds were used as indirect materials. c) Direct labor costs incurred was P240,000 and indirect labor costs incurred were P50,000. d) Depreciation on equipment for the month amounted to P15,700. e) Insurance costs were P3,500 for the manufacturing property f) Paid 8,500 cash for utilities and other miscellaneous items for the manufacturing plant. g) Ob E5 costing P6,500 and Job F4 costing P77,00 were completed during the month and transferred to the Finished Goods account. h) Job F4 was shipped to the…

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.

Nagle Incorporated uses a job - order costing system and its total manufacturing overhead applied always equals its total manufacturing overhead. In October the company completed job 043G that consisted of 24,000 units of one of the company's standard products. No other jobs were in process or sold during the month. The job cost sheet for job 043G shows that the total cost for the job was $928, 800. During the month, 21,000 completed units from job 043G were sold. The cost of goods sold that would appear on the income statement for October is closest to:

At the beginning of the month, Arthur's Olde Consulting Corporation had two jobs in process that had the following costs assigned from previous months. Job Number SY-400 SY-403 Direct Labor Applied Overhead $23,440 15,520 ? During the month, Jobs SY-400 and SY-403 were completed but not billed to customers. The completion costs for SY-400 required $26.000 in direct labor. For SY-403, $76,000 in labor was used. During the month, the only new job, SY 404, was started but not finished. Total direct labor costs for all jobs amounted to $149,520 for the month. Overhead in this company refers to the cost of work that is not directly traced to particular jobs, including copying, printing. and travel costs to meet with clients. Overhead is applied at a rate of 60 percent of direct labor costs for this and previous periods. Actual overhead for the month was $93,000. Required: 6. What are the costs of Jobs SY-400 and SY-403 at the beginning of the month and when completed? b. What is the cost of…

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Job Costs At the end of May, Bergan Company had completed Jobs 200 and 305. Job 200 is for 2,390 units, and Job 305 is for 2,053 units. The following data relate to these two jobs: On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit. During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000. a.  Determine the balance on the job cost sheets for Jobs 200 and 305 at the end of May. Job 200 $fill in the blank 1 Job 305 $fill in the blank 2 b.  Determine the cost per unit for…

Widmer Watercraft’s predetermined overhead rate is 200% of direct labor. Information on the company’s production activities during May follows.  Purchased raw materials on credit, $240,000. Materials requisitions record use of the following materials for the month.           Job 136 $ 49,500   Job 137   32,500   Job 138   19,400   Job 139   22,800   Job 140   6,800   Total direct materials   131,000   Indirect materials   20,000   Total materials used $ 151,000       Paid $15,000 cash to a computer consultant to reprogram factory equipment. Time tickets record use of the following labor for the month. These wages were paid in cash.           Job 136 $ 12,100   Job 137   10,800   Job 138   37,900   Job 139   39,400   Job 140   3,600   Total direct labor   103,800   Indirect labor   25,000   Total $ 128,800       Applied overhead to Jobs 136, 138, and 139. Transferred Jobs 136, 138, and 139 to Finished Goods. Sold Jobs 136 and 138 on…

K company production was working on Job 1 and Job 2 during the month. Of the $790 in direct materials, $380 in materials was requested for Job 1. Direct labor cost, including payroll taxes, are $23 per hour, and employees worked 17 hours on Job 1 and 30 hours on Job 2. Overhead is applied at the rate of $20 per direct labor hours. Prepare job order cost sheets for each job. Job 1   Hours Total Cost Direct materials       $fill in the blank 1   Direct labor   fill in the blank 2   fill in the blank 3   Manufacturing overhead   fill in the blank 4   fill in the blank 5   Total cost       $fill in the blank 6     Job 2   Hours Total Cost Direct materials       $fill in the blank 7   Direct labor   fill in the blank 8   fill in the blank 9   Manufacturing overhead   fill in the blank 10   fill in the blank 11   Total cost       $fill in the blank 12

Job Costs At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 1,000 units, and Job 56 is for 200 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 700 units for Job 50 at $20 per unit and 1,000 units for Job 56 at $20 per unit. During August, Carrothers Company accumulated 700 hours of direct labor costs on Job 50 and 400 hours on Job 56. The total direct labor was incurred at a rate of $10 per direct labor hour for Job 50 and $24 per direct labor hour for Job 56. The predetermined factory overhead rate is $12.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 50 and 56 at the end of August. Job 50 $fill in the blank 1 Job 56 $fill in the blank 2 b. Determine the cost per unit for Jobs 50 and 52 at the end of August. If required, round your answers to the nearest cent. Job 50 $fill in the blank 3 Job 56 $fill in the blank 4 Please don't give…