5 Marco Company shows the following costs for three jobs worked on in April. 1 of 5 Job 306 Job 307 Balances on March 31 Job 308 Direct materials used (in March) $ 28,000 $ 42,000 Direct labor used (in March) 23,000 15,000 Overhead applied (March) 11,500 7.500 Costs during April Direct materials used 140,000 205,000 $ 120,000 Direct labor used 102,000 151,000 104.000 Overhead applied 2 2 2 Status on April 30 Finished Tinished (sold) (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $384.000 c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $27,000; factory rent. $37.000; factory utilities, $19,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $700,000 cash in April. Tences Problem 15-2A (Algo) Part 1 Required: 1. Determine the amount of overhead applied to each job in April 306 307 308 Direct labor Predetermined overhead rate Overhead applied April Total $ 0 0.50 0.50 0.50 0.50