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Required Information (The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April.
Required Information (The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 (in March) Direct labor used (in March Direct materials used Overhead applied (March) Costs daring April Direct saferials uses Direct labor used Overhead applied Status on April 30 Additional Information 135,000 10,000 9,000 Job 307 Job 308 $29,000 20,000 10,000 220,000 $100,000 150,000 105,000 135,00 85,000 Finished fsoldi Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $80,000 b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363.000 c. Actual overhead costs incurred in April are indirect materials. $50,000; indirect labor $23.000, factory rent $32,000, factory utilities, $19,000, and factory equipment depreciation, $51,000 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $635,000 cash in Apri 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31 Juli 306 29.000 35,000 Direct labor 20,000 Overhead ped 10.000 18.000 000 April Toda D 135,000 Det 85.000 220.000 150,000 100.000 105,000 455,000 345,000 Dep Frished
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