Question
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
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) $ 28,000 $ 41,000
Direct labor used (in March) 20,000 14,000
Overhead applied (March) 10,000 7,000
Costs during April
Direct materials used 131,000 205,000 $ 115,00
Direct labor used 101,000 154,000 104,00
Overhead applied ? ? ?
Status on April 30 Finished (sold). Finished (unsold). in proces
Additional Information
a. Raw Materials Inventory has a March 31 balance of $89,000.
b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $383,000.
c. Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $19,000; and factory equipment depreciation, $52,000.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job 306 is sold for $650,000 cash in April.
4. prepare a schedule of cost of goods manufactured for the month end APRIL 30.
TOTAL MANUFACTORING COST | 0 |
TOTAL COST OF WORK IN PROCESS | 0 |
COST OF GOODS MANUFACTORED | 0 |
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