[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) $ 35,000 Direct labor used (in March) 26,000 Overhead applied (March) 16,000 $ 41,000 24,000 15,000 Costs during April Direct materials used 150,000 Direct labor used Overhead applied Status on April 30 91,000 ? Finished (sold) 235,000 $ 115,000 165,000 ? Finished (unsold) 120,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $515,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs incurred in April are indirect materials, $53,750; indirect labor, $26,750; factory rent, $35,750; factory utilities, $22,750; and factory equipment depreciation, $54,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Required: 1. Determine the amount of overhead applied to each job in April. Direct labor Predetermined overhead rate Overhead applied 306 307 308 April Total $ 0 $ 0 $ 0 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 March Direct materials 35,000 $ Direct labor 26,000 Overhead applied 16,000 Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Job 307 41,000 24,000 15,000 Job 308 150,000 235,000 115,000 91,000 165,000 120,000 241,000 Total costs Status on April 30 Finished (sold) April 30 cost included in: 400,000 Finished (unsold) In process April Total $ 0 500,000 376,000 0 235,000 876,000 $ 0 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 0 $ 0