If Job 78 produced 80 units, how much is the unit cost? KKB Company designs and installs

If Job 78 produced 80 units, how much is the unit cost?

 

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KKB Company designs and installs upscale kitchens and bathrooms. On May 1, there were three jobs in process, Jobs 77, 78 and 79. During May, two more jobs were started, Jobs 80 and 81. By May 31, Jobs 77, 78 and 80 were completed. The following data were gathered: Job 77 Job 78 May 1 balance Direct materials Direct Labor $ 875 690 Job 79 $1,140 $410 320 500 3,500 2,750 450 420 80 1,800 1,300 Overhead is applied at the rate of 150% of direct labor cost. Jobs are sold at cost plus 30%. Operating expenses for May totalled $2,700.00 Job 80 0 $ Job 81 $0 KKB Company designs and installs upscale kitchens and bathrooms. On May 1, there were three jobs in process, Jobs 77, 78 and 79. During May, two more jobs were started, Jobs 80 and 81. By May 31, Jobs 77, 78 and 80 were completed. The following data were gathered: Job 77 Job 78 May 1 balance Direct materials Direct Labor $ 875 690 Job 79 $1,140 $410 320 500 3,500 2,750 450 420 80 1,800 1,300 Overhead is applied at the rate of 150% of direct labor cost. Jobs are sold at cost plus 30%. Operating expenses for May totalled $2,700.00 Job 80 0 $ Job 81 $0

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