14 Part 1 of 4 Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. 3 points eBook Print References Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Job 306 Job 307 Job 308 $ 29,000 22,000 11,000 $ 41,000 18,000 9,000 Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information 139,000 220,000 $100,000 103,000 155,000 103,000 ? ? ? Finished Finished (sold) (unsold) In process a. Raw Materials Inventory has a March 31 balance of $85,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $390,000. c. Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $29,000; factory rent, $32,000; factory utilities, $24,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate Overhead applied 306 0.50 307 0.50 308 0.50 April Total $ 0 0.50 Check my work 5