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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. Job
Required Information [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) $ 29, 800 $ 35, 800 Direct labor used (in March) 20, 806 18, 890 Overhead applied (March) 10, 800 9,800 Costs during April Direct materials used 137, 806 222, 000 $ 102, 060 Direct labor used 85, 800 152, 060 107, 060 overhead applied Status on April 30 Finished Finished (sold) (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,800. b. Raw materials purchases In April are $502,000, and total factory payroll cost In April Is $365,000. c. Actual overhead costs Incurred In April are indirect materials, $50,500; Indirect labor, $23,500; factory rent, $32,500; factory utilities, $19,500; and factory equipment depreciation, $51,500. d. Predetermined overhead rate Is 50% of direct labor cost. e. Job 306 is sold for $637,000 cash In April. Required: 1. Determine the amount of overhead applied to each Job In April. 306 307 308 April Total Predetermined overhead rate Overhead applied2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total March Direct materials S 29,800 S 35,800 Direct labor 20,800 18,800 Overhead applied 10,800 9.800 Work in process, beginning April Direct materials 137,000 222,000 102,000 461,000 Direct labor 85,800 152,000 107,000 344,800 Overhead applied Costs added in April Total costs Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in
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