Question: Please complete correctly and i will give a thumbs up Required information [The following information applies to the questions displayed below.) Marco Company shows the
Required information [The following information applies to the questions displayed below.) Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 28,000 22,000 11,000 Balances on March 31 Direct materials used in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 134,000 102,000 ? Finished (sold) $ 43,000 19,800 9,500 205,000 152,000 7 Finished (unsold) $ 110,000 101,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000 b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $377,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; Indirect labor, $22.000; factory rent $37,000; factory utilities, $25,000; and factory equipment depreciation, $62,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690,000 cash in April 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 308 April Total Job 306 Job 307 March Direct materials $ $ 28.000 22,000 43.000 19,000 Dit labor
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