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need help with question 15 15 Idi LU QUITIpally SHOWS WIE IUHOWIly LUSIS IVI WIIEE JOUS WUIKEu UII III APIII. Job 306 Job 307 Job
need help with question 15
15 Idi LU QUITIpally SHOWS WIE IUHOWIly LUSIS IVI WIIEE JOUS WUIKEu UII III APIII. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 27, 000 $ 44, 000 Direct labor used (in March) 23, 090 16, 000 Part 2 of 4 Overhead applied (March) 11, 500 8, 000 Costs during April Direct materials used 135, 000 205, 000 $ 105,900 Direct labor used 105, 090 153, 000 101,060 3 Overhead applied points Finished Finished Status on April 30 (sold) (unsold) In process Additional Information Book a. Raw Materials Inventory has a March 31 balance of $84,000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $388,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $29,000; factory rent, $35,000; Print factory utilities, $22,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. References 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total March Direct materials $ 27,000 $ 44,000 Direct labor 23,000 16,000 Overhead applied 11,500 8,000 Work in process, beginning April Direct materials 135,000 205,000 105,000 445,000 Direct labor 105,000 153,000 101.000 359,000 Overhead applied Costs added in April Total costs Status on April 30 Finished (sold) Finished (unsold) n process April 30 cost included inStep by Step Solution
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