Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) $ 29,000 23,000 11,500 $ 45,000 18,000 9,000 Costs during April Direct materials used 137,000 Direct labor used 104,000 Overhead applied Status on April 30 (unsold) 205,000 $ 105,000 154,000 104,000 ? ? ? Finished Finished (sold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $84,000. b. Raw materials purchases in April are $600,000, and total factory payroll cost in April is $389,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $27,000; factory rent, $40,000; factory utilities, $23,000; and factory equipment depreciation, $63,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. 306 307 Direct labor $ 104,000 Predetermined overhead rate 0.50 Overhead applied $ 52,000 0.50 308 April Total $ 104,000 0.50 0.50