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14 Part 1 of 4 3 points Required Information [The following information applies to the questions displayed below.] Marco Company shows the following costs for
14 Part 1 of 4 3 points Required Information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 386 Job 3e7 Job 388 Balances on March 31 Direct materials used in March) $ 25, eee $ 38,000 Direct labor used (in March) 20, eee 18,600 Overhead applied (March) 1e, eee 9,000 Costs during April Direct materials used 135, eee 215,000 $ 115,000 Direct labor used 1e3, eee 151,000 102,000 Overhead applied ? ? Finished Status on April 30 Finished (sold) In process (unsold) Additional Information eBook ? Print References a. Raw Materials Inventory has a March 31 balance of $84,000. b. Raw materials purchases in April are $580,000, and total factory payroll cost In April is $379,000. c. Actual overhead costs incurred in April are Indirect materials, $56,000; Indirect labor, $23,000; factory rent, $37,000; factory utilities, $23,000; and factory equipment depreciation, $60,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $665,000 cash In April. Required: 1. Determine the amount of overhead applied to each job In April. 308 306 103,000 307 151,000 April Total $ 356,000 S S S 102.000 Direct labor Predetermined overhead rate Overhead applied 0.50 0.50 0.50 0.50
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