$15$

Port $2$ of $4$

$3$

points

References

Required information

$[$The following information applies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

$\backslash$table$[[,$Job $306,$Job $307,$Job $308],[$Balances on March $31,,,],[$Direct materials used $($in March$),$$$33,000,$$$39,000,],[$Direct labor used $($in March$),24,000,22,000,],[$Overhead applied $($March$),14,000,13,000,],[$Costs during April,,,$],[$Direct materials used,$145,000,230,000,$$$110,000],[$Direct labor used,$89,000,160,000,115,000],[$Overhead applied,?,?,?$],[$Status on April $30,$Finished,Finished,In process$],[,($sold$),($unsold$),]]$

Additional Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$84,000.$

b$.$ Raw materials purchases in April are $$510,000,$ and total factory payroll cost in April is $$373,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$52,500$; indirect labor, $$25,500$; factory rent, $$34,500$; factory utilities, $$21,500$; and factory equipment depreciation, $$53,500.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$645,000$ cash in April.

$2.$ Determine the total cost assigned to each job as of April $30($including the balances from March $31).$

$\backslash$table$[[,$Job $306,$Job $307,$Job $308,$April Total$],[$March$],[$Direct materials,$33,000,39,000,,],[$Direct labor,$24,000,22,000,,],[$Overhead applied,$14,000,13,000,,],[$Work in process, beginning$],[$April$],[$Direct materials,$145,000,230,000,110,000,485,000],[$Direct labor,$89,000,160,000,115,000,364,000],[$Overhead applied$],[$Costs added in April$],[$Total costs$],[$Status on April $30,$Finished $($sold$),$Finished $($unsold$),$In process,$],[$April $30$ cost included,,,,$]]$