At the end of August, Rothchild Company had completed Jobs 40 and 42. Job 40 is for 10,000 units, and Job 42 is for 11,000 units. Using the data from Practice Exercises 19-1B, 19-2B, and 19-4B, determine (a) the balance on the job cost sheets for Jobs 40 and 42 at the end of August and (b) the cost per unit for Jobs 40 and 42 at the end of August.
Answer:
a. Job 40 Job 42
Direct materials……………………………………………………… $ 40,000 $ 86,800
Direct labor…………………………………………………………… 87,500 98,700
Factory overhead…………………………………………………… 31,500 37,800
Total costs………………………………………………………… $159,000 $223,300
b. Job 40
Job 42
$15.90 = $159,000 ÷ 10,000 units
$20.30 = $223,300 ÷ 11,000 units
