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

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…

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…

At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $800,000, and direct materials costs, $500,000. At year-end, the company’s records show that actual overhead costs for the year are $800,200. Actual direct materials cost had been assigned to jobs as follows.          Jobs completed and sold $ 360,000   Jobs in finished goods inventory   77,000   Jobs in work in process inventory   57,000   Total actual direct materials cost $ 494,000     Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied.

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job 765 $7,000 $2,100 25 Job 766  11,628  3,672 68     Job 765 produced 150 units, and Job 766 consisted of 340 units. Assuming that factory overhead is applied using machine hours at a rate of $153 per hour. a.  Determine the balance on each job cost sheet.Job 765 fill in the blank 1 of 2$Job 766 fill in the blank 2 of 2$ b.  Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.Job 765 fill in the blank 1 of 2$Job 766 fill in the blank 2 of 2$

Job Costs At the end of May, Lockmiller Company had completed Jobs 275 and 310. Job 275 is for 5,000 units, and Job 310 is for 2,000 units. The following data relate to these two jobs: On May 7, Lockmiller Company purchased on account 12,000 units of materials at $6 per unit. During May, raw materials were requisitioned for production as follows: 8,400 units for Job 275 at $6 per unit and 2,150 units for Job 310 at $4 per unit. During May, Lockmiller Company accumulated 1,900 hours of direct labor costs on Job 275 and 2,600 hours on Job 310. The total direct labor was incurred at a rate of $34 per direct labor hour for Job 275 and $26 per direct labor hour for Job 310. Lockmiller Company estimates that total factory overhead costs will be $867,000 for the year. Direct labor hours are estimated to be 102,000. a.  Determine the balance on the job cost sheets for Jobs 275 and 310 at the end of May. b.  Determine the cost per unit for Jobs 275 and 310 at the end of May. If required, round…

Can you please show how its done? I got $75,000 and its not correct

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $8,000 of indirect materials and $12,400 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form: See Attachment Journalize the summary entry to record each of the following operations for January (one entry for each operation):a. Direct and indirect materials usedb. Direct and indirect labor usedc. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost)d. Completion of Jobs 301 and 302

At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 200 units, and Job 56 is for 2,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 200 units for Job 50 at $12 per unit and 1,200 units for Job 56 at $10 per unit. During August, Carrothers Company accumulated 600 hours of direct labor costs on Job 50 and 1,100 hours on Job 56. The total direct labor was incurred at a rate of $12 per direct labor hour for Job 50 and $10 per direct labor hour for Job 56. The predetermined factory overhead rate is $15.00 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