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Required: 1. Determine the amount of overhead applied to each job in April. [The following information applies to the questions displayed below.] Marco Company shows
Required: 1. Determine the amount of overhead applied to each job in April. [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 $80,800. b. Raw materials purchases in April are $502,000, and total factory payroll cost in April is $365,000. c. Actual overhead costs incurred in April are indirect materials, $50,500; indirect labor, $23,500; factory rent, $32,500; factory utilities, $19,500; and factory equipment depreciation, $51,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $637,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31)
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