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I just need to check what is in the Part 1 box and math work to get there. Ch. 19 Problem: Job Costing Marcelino Co.'s
I just need to check what is in the "Part 1" box and math work to get there.
Ch. 19 Problem: Job Costing Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $354,000. Overhead costs incurred in April are: indirect materials, $60,000; indirect labor, $27,000; factory rent, $26,000; factory utilities, $14,000; and factory equipment depreciation, $47,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $450,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 27,000 22,000 11,000 38,000 16,000 8,000 Job Cost Sheets Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 140,000 94,000 ? 208,000 145,000 ? Finished (unsold) 105,000 88,000 ? Finished (sold) In process Part 1: Determine the overhead applied in April and the total costs for each job. Job 306 Job 307 Job 308 Overhead applied in April Total CostsStep by Step Solution
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