Question: Need help with part 2 Problem 19.2A (Static) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4

![P3, P4 [The following information applies to the questions displayed below] Marco](https://s3.amazonaws.com/si.experts.images/answers/2024/09/66e0536e85542_45466e0536e26d88.jpg)
Problem 19.2A (Static) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Informotion a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000 c. 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. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April Required: 1. Determine the amount of overhead applied to each job in Aprit 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
