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Question 17.5: At the end of March, Hatch Company had completed Jobs 101 an...

At the end of March, Hatch Company had completed Jobs 101 and 102. Job 101 is for 500 units, and Job 102 is for 1,000 units. Using the data from Example Exercises 17-1, 17-2, and 17-4 , determine (a) the balance on the job cost sheets for Jobs 101 and 102 at the end of March and (b) the cost per unit for Jobs 101 and 102 at the end of March.

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a.

Job 101 Job 102
Direct materials $ 2,400 $ 4,200
Direct labor 12,800 7,200
Factory overhead   3,200   2,400
Total costs \underline{\underline{\$ \ 18,400}} \underline{\underline{\$ \ 13,800}}

b.       Job 101       $36.80 = $18,400/500 units

Job 102      $13.80 = $13,800/1,000 units

 

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