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Plz Help! Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured L.O P1, P2, P3, P4 [The
Plz Help!
Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured L.O P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials inventory has a March 31 balance of $85,000. b. Raw materials purchases in April are $570.000, and total factory payroll cost in April is $381,000. c. Actual ovemead costs incurred in April are indirect materials, $55,000; indirect labor, $21,000, factory rent, $39,000. factory utitities, $23.000, and factory equipment depreciation, $62.000 d. Predetermined overhead rate is 50% of direct labor cost. e. 306306 is sold for $680.000 cash in April. Problem 2-2A (Algo) Part 1 Pequired: 1. Determine the amount of overhead applied to each job in April Step by Step Solution
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