(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 $ 31,000 21,000 10,500 $ 45,000 16,000 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 139,000 104,000 ? Finished (sold) 205,000 154,000 ? Finished (unsold) 120,000 100,000 ? Status on April 30 In process Additional Information a. Raw Materials Inventory has a March 31 balance of $87,000. b. Raw materials purchases in April are $570,000, and total factory payroll cost in April is $379,000. c. Actual overhead costs incurred in April are indirect materials, $59,000; indirect labor, $21,000; factory rent, $32,000; factory utilities, $25,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. 306 307 308 April Total Predetermined overhead rate 0.50 0.50 0.50 0.50 Overhead applied Job 306 Job 307 Job 308 April Total March Direct materials $ 31,000 21,000 10,500 45,000 16,000 Direct labor 8,000 Overhead applied Work in process, beginning April Direct materials 205,000 139,000 104,000 120,000 100,000 464,000 358,000 Direct labor 154,000 Overhead applied Costs added in April Total costs Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in: Journal entry worksheet