b Order Costing $($i$)$

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manufactured LO P$1,$ P$2,$ P$3,$ P$4$

$[$The following information appllies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

$\backslash$table$[[$Balances on March $31,$Job $306,$Job $307,$Job $388],[$Direct materials used $($in March$),,,],[$Direct labor used $($in March$),$$$35,80026,800,$$$41,80024,880,],[$Overhead applied $($March$),16,800,15,880,],[$Direct materials used,,,$],[$Direct labor used,$152,00091,800,237,009167,000,$$ $117,000],[$ Overhead applied,,$167,0,122,0$ee$],[$Status on April $30,$Finished $($sold$),$Finished $($unsold$),$In process$]]$

Additional Information'

a$.$ Raw Materials Inventory has a March $31$ balance of $$86,800.$

b$.$ Raw materials purchases in April are $$517,000,$ and total factory payroll cost in April is $$408,050.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$54,250$; indirect labot, $$27,250$; factory rent, $$36\mathrm{.}250$; factory utilities, $$23,250$; and factory equipment depreciation, $$55,250.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$652,000$ cash in April.

Problem $15-2$A $($Algo$)$ Part $5$

$5-$a$.$ Compute gross profit for April.

$5-$b$.$ Show how the three inventory accounts are reported on the April $30$ balance sheet.

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rercise $16-26($Algo$)$ Production cost flows LO P$3,$ P$4$

Ie fowchart below shows the August production activity of the punching and bending departments of Wire Box Company. Use the nounts shown on the flowchart to compute the missing numbers identified by blank input bowes.

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What is direct labor