Marco Company shows the following costs for three jobs worked on In April. Job: 306 Job...
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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) $ 30,200 $ 36,200 21,200 Overhead applied (March) 11,200 19,200 10,200 Costs during April Direct materials used 138,000 Direct labor used Overhead applied Status on April 30 86,200 ? Finished 223,000 153,000 ? Finished $ 103,000 108,000 ? In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $81,200. b. Raw materials purchases in April are $503,000, and total factory payroll cost In April is $366,000. c. Actual overhead costs incurred in April are Indirect materials, $50,750; Indirect labor, $23,750; factory rent, $32,750; factory utilities, $19,750; and factory equipment depreciation, $51,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $638,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate Overhead applied 306 307 308 April Total $ 0 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) $ 30,200 $ 36,200 21,200 Overhead applied (March) 11,200 19,200 10,200 Costs during April Direct materials used 138,000 Direct labor used Overhead applied Status on April 30 86,200 ? Finished 223,000 153,000 ? Finished $ 103,000 108,000 ? In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $81,200. b. Raw materials purchases in April are $503,000, and total factory payroll cost In April is $366,000. c. Actual overhead costs incurred in April are Indirect materials, $50,750; Indirect labor, $23,750; factory rent, $32,750; factory utilities, $19,750; and factory equipment depreciation, $51,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $638,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate Overhead applied 306 307 308 April Total $ 0
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