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 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Job 306 Job 387 Job 308 $ 32,000 $37,000 23,000 11,500 16,000 8,000 132,000 105,000 150,000 210,000 $ 100,000 181,000 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000 b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $384,000 c. Actual overhead costs incurred in April are indirect materials, $58.000; indirect labor, $28,000; factory rent, $32,000, factory utilities, $23,000; and factory equipment depreciation, $55,000 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $650,000 cash in April Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate i Overhead applied 306 0.50 307 300 April Total 0.50 0.50 0.50 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 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used i Overhead applied Job 306 Job 307 Job 308) $ 32,000 23,000 11,500 $ 37,000 16,000 8,000 132,000 105,000 Finished (sold) 210,000 150,000 Finished (unsold) $ 100,000 101,000 ? In process Status on April 30 Additional Information ces a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are indirect materials, $58,000; Indirect labor, $28,000; factory rent, $32,000; factory utilities, $23,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $650.000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). March Job 300 Job 307 Job 300 April Total Direct materials Direct labor Overhead applied S 32.000 5 23.000 11.500 37,000 16,000 8,000 Work in process, beginning April Direct materials 132.000 Direct labor 105.000 210,000 150.000 100,000 101.000 442.000 350,000 Overhead applied Costs added in April Total costs Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in