Question
Required information Skip to question [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on
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[The following information applies to the questions displayed below.] 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) | $ 32,000 | $ 41,000 | |
Direct labor used (in March) | 24,000 | 18,000 | |
Overhead applied (March) | 12,000 | 9,000 | |
Costs during April | |||
Direct materials used | 133,000 | 200,000 | $ 115,000 |
Direct labor used | 100,000 | 152,000 | 100,000 |
Overhead applied | ? | ? | ? |
Status on April 30 | Finished (sold) | Finished (unsold) | In process |
Additional Information
Raw Materials Inventory has a March 31 balance of $84,000.
Raw materials purchases in April are $510,000, and total factory payroll cost in April is $382,000.
Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $30,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $57,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $640,000 cash in April.
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