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How do I get the answer? [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked
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[The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 29,000 25,000 12,500 $ 36,000 14,000 7,000 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 135,000 105,000 ? Finished (sold) 205,000 151, 000 ? Finished (unsold) $ 120,000 104,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $24,000; factory rent, $31,000; factory utilities, $25,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total March Direct materials $ 29,000 $ 36,000 Direct labor 25,000 14,000 12,500 7,000 Overhead applied Work in process, beginning April Direct materials 205,000 460,000 135,000 105,000 120,000 104,000 Direct labor 151,000 360,000 Overhead applied Costs added in April Total costs Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included inStep by Step Solution
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