Homework: Job Order Costing Assignment 0 Saved 14 References Required information {The foiiowiiig information appiies to the questions dispiayed below] Marco Company shows the following costs for threejobs worked on in April. Job 306 Job 367 Job 383 Balances on March 31 Direct materials used (in March) $ 2?,666 $ 39,666 Direct labor used (in March) 23,666 15,666 Overhead applied (March) 11,566 7,566 Costs during April Direct materials used 137,666 216,666 5 166,666 Direct labor used 162,666 153,666 161,666 Overhead applied ? ? 2' Finished Finished Status on April 36 In process (sold) (unsold) Additional Information :1. Raw Materials Inventory has a March 31 balance 0f$87,000. [3. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $385,000. 1:. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $29,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Overhead applied References Sofia Gomez runs a mobile pet grooming service. She charges $29 direct labor per grooming hour. She applies overhead tojobs on the basis of grooming hours She predicts 940 grooming hours for the year Her estimated overhead costs for the year follow, Van depreciation $ 9,166 Van insurance expense $ 1,146 Tool depreciation $ 496 Van maintenance 1,489 Indirect materials 746 Other overhead 1,696 1. Compute the predetermined overhead rate using estimated grooming hours. 2 Sofia has been asked to groom 3 large dogs. She expects thisjob to require a total of 9 direct labor grooming hours. Compute her otal cost (direct labor plus applied overhead) forthisjob. 3. lfSoa targets a markup of 25% on the total cost for eachjob, what price should she quote for the job in part2? 1 Predelermined overhead rate 2. Total job cost 3. Price quote