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need help with question 17 17 Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308
need help with question 17
17 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) $ 27, 000 $ 44, 000 Part 4 of 4 Direct labor used (in March) 23, 090 16, 000 Overhead applied (March) 11, 509 8,000 Costs during April Direct materials used 135, 000 205, 000 $ 105, 900 Direct labor used 105, 090 153, 006 101, 000 Overhead applied points Status on April 30 Finished Finished (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 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufacturedStep by Step Solution
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