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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. Balances
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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. 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 Additional Information Job 306 Job 307 Job 308 $ 32,000 21,000 10,500 $ 39,000 18,000 9,000 139,000 104,000 ? 205,000 $ 100,000 151,000 100,000 ? ? Finished (sold) Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $376,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $21,000; factory rent, $30,000; factory utilities, $23,000; and factory equipment depreciation, $53,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Answer is not complete. Job 306 Job 307 Job 308 April Total March Direct materials $ 32,000 39,000 Direct labor 21,000 18,000 Overhead applied 10,500 9,000 Work in process, beginning $ 63,500 66,000 $ April Direct materials 129,500 139,000 205,000 100,000 444,000 Direct labor Overhead applied Costs added in April 104,000 151,000 100,000 355,000 52,000 75,500 50,000 177,500 295,000 431,500 250,000 976,500 Total costs 0 Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in
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