of 5 bed Required information. Problem 2-2A (Algo) 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. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) k Costs during April ces Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information $ 45,000 14,000 7,000 Job 306 Job 307 Job 308 $ 25,000 21,000 10,500 134,000 105,000 220,000 $ 105,000 153,000 101,000 ? Finished (sold) Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are indirect materials, $57,000, indirect labor, $25,000; factory rent, $31,000, factory utilities, $24,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April. Problem 2-2A (Algo) Part 1 Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate Overhead applied 306 307 0.50 0.50 308 April Total $ 0 0.50 0.50