Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-down which account in the ledger should include the job's costs as of April 30 . GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Panzarella Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $94,000. b. Raw materials purchases in April are $505,600, and total factory payroil cost in April is $393,800 c. Actual overhead costs incurred in April are indirect materials, $52,800; indirect labor, $25,800, factory rent, 534,800 ; factory utilities, $21,800; and factory equipment depreciation, $56,600 d. Predetermined overhead rate is 50% of direct labor cost. e. 50b306 is sold for $660,000 castin Apnt. Additional Information a. Raw Materials Inventory has a March 31 balance of $94,000. b. Raw materials purchases in April are $505,600, and total factory payroll cost in April is $393,800. c. Actual overhead costs incurred in April are indirect materials, $52,800; indirect labor, $25,800; factory rent, $34,800; utilities, $21,800; and factory equipment depreciation, $56,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in Aprit. Complete this question by entering your answers in the tabs below. General Journal tab - Prepare journal entries to record the transactions of Panzarella Company during the month of April. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detall of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab-General ledger software also automates the preparation of trial balances. A trial balance liuts each account from the General Ledger, along with its batance, either a debit or a credit, Total debits should always equal total credits. Job costs tab - Calculate the total cost, and account classification for each job worked on during April. Cost of Goods Manufactured tab. Prepare a schedute of cost of goods manufacturnd for Panzarella company duing the month of April. Gross Profit tab-Calculate the gross profit on the sale of job(s) during April. Complete this question by entering your answers in the tabs below. Prepare journat entries for the month of April's transactions. Complete this question by entering your answers in the tabs below. Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for the month of April. Prepare a schedule of cost of goods manufactured for Panzarella Company for the month Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-down which account in the ledger should include the job's costs as of April 30 . GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Panzarella Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $94,000. b. Raw materials purchases in April are $505,600, and total factory payroil cost in April is $393,800 c. Actual overhead costs incurred in April are indirect materials, $52,800; indirect labor, $25,800, factory rent, 534,800 ; factory utilities, $21,800; and factory equipment depreciation, $56,600 d. Predetermined overhead rate is 50% of direct labor cost. e. 50b306 is sold for $660,000 castin Apnt. Additional Information a. Raw Materials Inventory has a March 31 balance of $94,000. b. Raw materials purchases in April are $505,600, and total factory payroll cost in April is $393,800. c. Actual overhead costs incurred in April are indirect materials, $52,800; indirect labor, $25,800; factory rent, $34,800; utilities, $21,800; and factory equipment depreciation, $56,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in Aprit. Complete this question by entering your answers in the tabs below. General Journal tab - Prepare journal entries to record the transactions of Panzarella Company during the month of April. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detall of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab-General ledger software also automates the preparation of trial balances. A trial balance liuts each account from the General Ledger, along with its batance, either a debit or a credit, Total debits should always equal total credits. Job costs tab - Calculate the total cost, and account classification for each job worked on during April. Cost of Goods Manufactured tab. Prepare a schedute of cost of goods manufacturnd for Panzarella company duing the month of April. Gross Profit tab-Calculate the gross profit on the sale of job(s) during April. Complete this question by entering your answers in the tabs below. Prepare journat entries for the month of April's transactions. Complete this question by entering your answers in the tabs below. Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for the month of April. Prepare a schedule of cost of goods manufactured for Panzarella Company for the month
