Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marcelino LOS Marcn si inventory of raw matenais is U.UUU. Raw materiais purchases in Aprare uovu, ana factory payroll cost in April is $363.000. Overhead
Marcelino LOS Marcn si inventory of raw matenais is U.UUU. Raw materiais purchases in Aprare uovu, ana factory payroll cost in April is $363.000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation. $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 388 Balances on March $ 35,000 18,000 9,000 -Book Direct materials $ 29,000 Direct labor 20,800 Applied 10,000 overhead Costs during April Direct 135,000 materials Direct labor 85,000 Applied overhead Status on April Finished (sold) 220,000 150,000 $100,000 105,000 Print Finished (unsold) In process Complete this question by entering your answers in the tabs below. G Job Costs Ma ross Profit General Ledger Trial Balance General Journal Requirement Prepare journal entries for the month of April's transactions View transaction list
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started