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2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308

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2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total March Direct materials $ 37,000 $ 43,000 Direct labor 28,000 26,000 Overhead applied 18,000 17,000 Work in process, beginning $ 0 April Direct materials 155,000 240,000 120,000 515,000 Direct labor 93,000 170,000 125,000 388,000 Overhead applied Costs added in April Total costs Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in:Required information fThe foii'owing information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Job 366 Job 36? Job 3-63 Balances on March 31 Direct materials used {in March) $ 3?,666 $ 43,666 Direct labor used (in March) 28,666 26,666 Overhead applied (March) 18,666 17,666 Costs during April Direct materials used 155,666 246,666 $ 126,666 Direct labor used 93,666 176,666 125,666 Overhead applied ? .3 ? Status on April 36 F1623??? 32:32:? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383,000. c. Actual overhead costs incurred in April are indirect materials, $55000; indirect labor, $28,000; factory rent, $37,000; factory utilities, $24,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% ofdirect labor cost. e. Job 306 is sold for $655,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate Overhead applied

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