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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 Additional Information Job 306 $ 31,800 22,800 12,800 142,000 87,800 Finished (sold) Job 397 Required: 1. Determine the amount of overhead applied to each job in April. $ 37,800 20,800 11,800 227,000 157,000 P Finished (unsold) Job 308 $ 107,000 112,000 ? In process a. Raw Materials Inventory has a March 31 balance of $82,800. b. Raw materials purchases in April are $507,000, and total factory payroll cost in April is $370,000. c. Actual overhead costs incurred in April are indirect materials, $51,750; indirect labor, $24,750; factory rent, $33,750; factory utilities, $20,750; and factory equipment depreciation, $52,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $642,000 cash in April.
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