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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 386 Jab 307 Job 308 $ 28, eee 23, eee 11,500 $ 36,000 16,eee 8,000 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 30 210,000 153,000 $ 110,000 101,608 139,000 100,000 ? Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in Aprilare Indirect materials, $51,000; Indirect labor. $27,000; factory rent, $30,000 factory utilities, $20,000; and factory equipment depreciation, $50,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $685,000 cash in April 2. 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 S 28.000 23.000 36,000 16,000 8,000 11,500 210.000 139.000 100,000 110,000 101,000 459.000 354,000 Direct labor Overhead applied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: 153,000 Finished (unsold) In process Finished (sold)
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