GL$0201($Algo$)-$ Based on Problem $2-2$A LO P$1,$ P$2,$ P$3,$ P$4$

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

Additional Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$88,500.$

b$.$ Raw materials purchases in April are $$503,400,$ and total factory payroll cost in April is $$381,700.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$51,700$; indirect labor, $$24,700$; factory rent, $$33,700$; factory utilities, $$20,700$; and factory equipment depreciation, $$54,400.$

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

e$.$ Job $306$ is sold for $$630,000$ cash in April.

Complete this question by entering your answers in the tabs below.

Previous