Help Save [The following information applies to the questions displayed below] Marcelino Co.'s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $57,000 indirect labor. $27.000; factory rent, $32,000; factory utilities, $21,000, and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $700,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March $ 40,000 14,000 7,000 Direct materials $ 25,000 Direct labor 22,000 Applied 11,000 overhead Costs during April Direct 134,000 materials Direct labor 102,000 Applied overhead Status on April Finished 30 (sold) 205,000 150,000 $110,000 105,000 Finished (unsold) In process 1 2 3 4 of 4 !! Next > Required information Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total $ $ 25,000 22,000 11,000 40,000 14,000 7,000 $ 65,000 36,000 18,000 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: 134,000 102,000 205,000 150,000 110,000 105,000 449,000 357.000 236.000 355,000 215,000 806,000 Finished (sold) Finished (unsold) In process 2 Prev 3 4 of 4 !!! Next >