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Saved 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
Saved 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 $380,000. Overhead costs incurred in April are: indirect materials, $55,000; Indirect labor, $23,000; factory rent, $31,000; factory utilities, $20,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct labor Applied overhead Costs during April Direct materials $ 26,000 $ 44,000 23,000 11,500 16,000 8,000 Direct materials 136,000 200,000 $115,000 Direct labor 101,000 151,000 Applied overhead ? Status on April 38 Finished (sold) ? Finished 105,000 ? In (unsold) process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cos assigned to each job (including the balances from March 31). From March Job 306 Job 307 < Prev 22 22 23 24 24 Job 308 April Total www 25 of 25 Next >
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