A v2.cengagenow.comInbox (229) - ilopezau@my.chemeketa.edu.Google DocsMind Tap - Cengage LearningCengageNOWv2 | Online teaching and learnin.CalculatorPrint ItemeBookShow Me HowJob CostsAt the end of August, Ellis Company had completed Jobs 40 and 42. Job 40 is for 1,000 units, and Job 42 is for 500 units.The following data relate to these two jobs:On August 4, raw materials were requisitioned for production as follows: 300 units for Job 40 at $16 per unit and 1,400 units for Job 42 at $18 per unit.During August, Ellis Company accumulated 700 hours of direct labor costs on Job 40 and 400 hours on Job 42. The total direct labor was incurred at a rate of $12 perdirect labor hour for Job 40 and $10 per direct labor hour for Job 42.The predetermined factory overhead rate is $10.00 per direct labor hour.a. Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August.Job 40Job 42b. 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$1Job 42

Job Costing: Job costing is a process of recording the cost on the basis of manufacturing job…

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Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 28BEB

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