Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Job 306 Job 307 Job 308 $ 33,000 $ 39,000 24,000 22,000 14,000 13,000 145,000 89,000 ? 230,000 $110,000 160,000 ? Finished Finished 115,000 ? (sold) (unsold) In process 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. Required: 1. Determine the amount of overhead applied to each job in April. Direct labor 306 050 307 0.50 308 April Total $ 0 0.50 0.50