Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

G Lakisha_Howard_Resul X b How to Calculate Direc X Question 15 - Homew X A Connect Managerial A X Homework Help - Q& x G

image text in transcribedimage text in transcribed
G Lakisha_Howard_Resul X b How to Calculate Direc X Question 15 - Homew X A Connect Managerial A X Homework Help - Q& x G work in process - Goo X + X F C a https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fwebapps%252F... Update : Apps G Gmail YouTube Maps VitalSource Booksh... QuickBooks_CUser_... Glossary Lu Search Results | Jerr... Lu Topic: Study Tips: W... OV First-Timer's Guide... Reading list Homework: Job Order Costing Assignment i Saved Help Save & Exit Submit Check my work 15 Required information Part 2 of 4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. 3 Job 306 Job 307 Job 308 points Balances on March 31 Direct materials used (in March) $ 29, 000 $ 40, 000 Skipped Direct labor used (in March) 20 , 000 19 , 000 Overhead applied (March) 10, 000 9,500 Costs during April Direct materials used 134, 000 205 , 000 $ 105, 000 eBook Direct labor used 104, 000 150, 000 104, 000 Overhead applied Print Status on April 30 Finished Finished (sold) unsold) In process References Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. 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, $59,000; indirect labor, $26,000; factory rent, $33,000; factory utilities, $24,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $675,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Mc Graw Type here to search O 2:41 PM X 30OF 1/30/2022 1242. Determine the total cost assigned to eachjob as of April 30 (including the balances from March 31). Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: March Direct materials $ 29,000 Direct labor 20,000 Overhead applied 10,000 134,000 104,000 Finished (sold) 205,000 150,000 Finished (unsold) 105,000 104,000 In process 444,000 358,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

8th Edition

1259116832, 9781259116834

More Books

Students also viewed these Accounting questions

Question

L A -r- P[N]

Answered: 1 week ago

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago