. February 28 inventory of raw materials is $75,000. Raw materials purchases in March are $625,000 Factory payroll cost in March is $510,000 Overhead costs incurred in March are: Indirect materials, $45,000 o Indirect labor, $55,000 o Factory rent, $25,000 Factory utilities, $13,000 o Factory equipment depreciation, $60,000 The predetermined overhead rate is 45% of direct labor cost. Job 200-006 is sold for $580,000 cash in March Below is a schedule of costs for the three jobs worked on in March. Job 202-002 was started in March. Job 200-006 Job 201-005 Job 202-002 Totals Balances on February 28: Direct materials $ 35,000 $ 43,000 $78,000 Direct labor 27,000 30,000 57,000 Applied overhead 12,150 13,500 25,650 Costs during March: Direct materials 182,000 254,000 $123,000 Direct labor 150,000 201,000 104,000 Applied overhead ]Subtotals for March Totals (February and March) Status on March 31 Finished and sold Finished but unsold Unfinished Required: Calculate overhead to be applied in March and complete the above schedule. Enter amounts in whole numbers with NO DOLLAR SIGNS, NO DECIMALS and NO COMMAS. Using the information from the previous question, record the following journal entries for Marcelino Co.: 1. Raw materials purchased on account. 2. Direct materials used in March production. 3. Direct labor used in March production. 4. Overhead applied to March production. 5. Indirect materials used in March production. 6. Indirect labor used in March production. 7. Factory rent. 8. Factory utilities. 9. Factory equipment depreciation 10. Transfer of goods manufactured during March from WIP to finished goods. 11. Sale of Job 200-006. 12. Cost of goods sold for Job 200-006 13. Over/under applied overhead. Use the space below to type you journal entries. B 1 IC A T E EIX? X * C A 12pt Paragraph Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added as needed throughout the process. During March, the company transferred 755,000 units of product to finished goods. At the end of March, the work in process inventory consists of 201.000 units that are 80% complete with respect to materials and 50% complete with respect to conversion. Beginning inventory had $248,560 of direct materials and $91,580 of conversion cost. The direct material cost added in March is $1,491,460 and the conversion cost added is $1,790,520. Beginning work in process consisted of 79,000 units that were 75% complete with respect to direct materials and 40% complete with respect to conversion, 877,000 units were started during the period. Requirement 1: Complete the schedule below to determine the units to be accounted for. Enter your answers in the schedule below. Enter amounts as whole numbers with NO DOLLAR SIGN, NO COMMAS AND NO DECIMALS. Units Units Beg WIP inventory at Feb 28 Units transferred to finished goods Units started in March Ending WIP inventory at March 31 Total units to be accounted for Total units to be accounted for Requirement 2: Determine the equivalent units of production with respect to direct materials and conversion. Enter your answers in the schedule below. Enter amounts as whole numbers with NO DOLLAR SIGN, NO COMMAS, NO DECIMAL AND NO PERCENT SIGN. % Complete EUP % Complete EUP Units Materials Materials Conversion Conversion Units transferred to finished goods % % Ending WIP inventory at March % % Requirement 2: Determine the equivalent units of production with respect to direct materials and conversion. Enter your answers in the schedule below. Enter amounts as whole numbers with NO DOLLAR SIGN, NO COMMAS, NO DECIMAL AND NO PERCENT SIGN. % Complete EUP % Complete EUP Units Materials Material Conversion Conversion Units transferred to finished goods Ending WIP inventory at March 31 Tota Requirement 3: Determine the cost per equivalent unit of production with respect to direct materials and conversion. Enter amounts as whole numbers with NO DOLLAR SIGN AND NO COMMAS except "Cost per EUP" which should be rounded to 2 decimal places. Materials Conversion Total Costs of production 2 Equivalent Units of production Cost per EUP (round to 2 decimal places) Requirement 4: Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process inventory. Enter your answers in the schedule below. Enter amounts as whole numbers with NO DOLLAR SIGN, NO COMMAS AND NO DECIMALS. Materials Conversion $ $ Amount transferred out Amount remaining in WIP $ $ Total costs assigned The following data are for the two products produced by Tadros Company. Product A Product B Direct materials $14 per unit $27 per unit Direct labor hours 0.6 DLH per unit 1.6 DLH per unit Machine hours 0.5 MH per unit 1.2 MH per unit Batches 100 batches 200 batches Volume 2,000 units 10,000 units 10 modifications Engineering modifications 50 modifications Market price $35 per unit $120 per unit The company's direct labor rate is $25 per direct labor hour (DLH). Additional information follows. Indirect Manufacturing Activities Costs Driver Engineering support $ 25.000 Engineering modifications Electricity 37,000 Machine hours Setup costs 42,000 Batches Requirement 1: Calculate the plant-wide overhead rate based on direct labor hours. Round all your calculations to 2 decimal places. Plant-wide Overhead Rate = per DL hour Requirement 2: Calculate the total manufacturing costs per unit by product after applying the plant-wide overhead rate calculated above. Round all your calculations to 2 decimal places. Requirement 4: Calculate the total manufacturing costs per unit by product after applying the ABC overhead rates calculated above. Round all your calculations to 2 decimal places. Total Manufacturing Costs Per Unit Product A Product B Direct materials cost per unit Direct labor cost per unit Overhead: Engineering support per unit Electricity per unit Setup costs per unit Total manufacturing costs per unit