chapter 15

Panzarella Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 208 Balances on March 31 Direct materials (in March) $ 34,600 $ 43,400 Direct labor (in March) 25,600 20,800 Applied overhead (March) 12,800 10,400 Costs during April Direct materials 140,600 228,400 $ 102,500 Direct labor 96,200 164.000 107,800 Applied overhead Status on April 30 Finished Finished In process (sold (unsold) Additional Information o. 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, 552,800 indirect labor, $25,800, factory rent, $34 800; factory utilities, 521800, and factory equipment depreciation. 556,600 d. Predetermined overhead rate is 50% of direct labor cost .. Job 306 is sold for 5660.000 cash in April Complete this question by entering your answers in the tots below. General Journal Reement General Ledger Job Costa Trial Balance Cost of Goods MIO Gross Profit Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, indicate which account in the ledger should include the job's costs as of April 30. Complete this question by entering your answers in the tabs below. Requirement General General Trial Balance Cost of Goods Journal Ledger Job Costs Mfg Gross Profit Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, indicate which account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total $ 34 600 5 25,600 12,800 73,000 43.400 20.800 10,400 74,600 $ 147.600 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materiale Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April, indicate which account should Indude sach jab's costs 5 140,600 $ 56,200 228 400 164.000 102,800 107800 471,800 368,000 0 839,800 236,800 392.400 210,600 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare a schedule of cost of goods manufactured for Panzarella Company for the month of April. PANZARELLA COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process 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; facto 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 April. Complete this question by entering your answers in the tabs below. Mfg General General Cost of Goods Requirement Trial Balance Job Costs Gross Profit Journal Ledger Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Panzarella Company for the month of April. 0 0 Gross profit