Required Information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $580,000, and factory payroll cost In April is $381,000. Overhead costs incurred in April are: Indirect materials, $53,000; indirect labor, $23,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash In April. Costs of the three jobs worked on in April follow. Balances on March 31 Job 306 Job 307 Job 308 Direct materials Direct labor Applied overhead $27,000 23,000 11,500 $ 41,000 17,000 8,500 Costs during April. Direct materials 130,000 220,000 Direct labor 103,000 153,000 $110,000 102,000 Applied overhead. Status on April 30 Finished (sold) 7. Finished (unsold) In process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 From Marchi Direct Materials $ Direct Labor 27,000 23,000 $ 41,000 17.000 Job 308 April Total $ 68.000 40.000 Prev 2 3 4 of A Next > Marhook Air Chee