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Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March). Direct labor used
Marco Company shows the following costs for three jobs worked on in April. 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 13,000 6,500 Job 306 Job 3072 Job 308. $ 25,000 22,000 $ 41,000 11,000 140,000 103,000 Finished Finished (sold) (unsold) 215,000 $ 105,000 154,000 103,000. In process Additional Information. a. Raw Materials Inventory has a March 31 balance of $88,000 b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $389,000. c. Actual overhead costs incurred in April are indirect materials, $52,000, indirect labor, $29,000; factory rent, $37,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $675,000 cash in April. red informadon 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). 15 Job 306 Job 307 Job 308 April Total March Direct materials $ 25.000 $ 41,000 Direct labor 22,000 13,000 Overhead applied 11,000 6,500 Work in process, beginning April Direct materials 140,000 Direct labor- 103,000 215,000 154,000 105,000 460.000 103,000 360,000 Overhead applied Costs added in April Total costs Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in
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