Answer:
Prichard Company
At the end of April:
Job 50 Job 51
The balance on the job cost sheets $20,400 $45,000
The cost per unit $20.40 $90
Explanation:
a) Data and Calculations:
Job 50 Job 51
Units produced 1,000 500
Raw materials 700 1,400
Cost of raw materials per unit $18 $18
Total cost of raw materials $12,600 $25,200
Total direct labor hours 300 1,100
Direct labor rate per hour $20 $12
Total cost of direct labor $6,000 $13,200
Factory overhead $1,800 $6,600
Predetermined overhead rate = $6 per direct labor hour
Total cost of raw materials $12,600 $25,200
Total cost of direct labor 6,000 13,200
Factory overhead applied 1,800 6,600
Total cost on April 30 $20,400 $45,000
Units produced 1,000 500
Cost per unit $20.40 $90
