GL$1501($Static$)-$ Based on Problem $15-2$A Marco Company LO P$1,$ P$2,$ P$3,$ P$4$

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 $($in March$)$ $ $29,000$ $ $35,000$

Direct labor $($in March$)20,00018,000$

Applied overhead $($March$)10,0009,000$

Costs during April

Direct materials $135,000220,000$ $ $100,000$

Direct labor $85,000150,000105,000$

Applied overhead $???$

Status on April $30$ Finished $($sold$)$ Finished $($unsold$)$ In process

Additional Information

Raw Materials Inventory has a March $31$ balance of $$80,000.$

Raw materials purchases in April are $$500,000,$ and total factory payroll cost in April is $$363,000.$

Actual overhead costs incurred in April are indirect materials, $$50,000$; indirect labor, $$23,000$; factory rent, $$32,000$; factory utilities, $$19,000$; and factory equipment depreciation, $$51,000.$

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

Job $306$ is sold for $$635,000$ cash in April.