Marcelino Co.'s March 31 inventory of raw materials is
$80,000. Raw materials purchases in April are $500,000, and factory payroll
cost in April is $363,000. 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. The
predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for
$635,000 cash in April. Costs of the three jobs worked on in April follow.
Job 306 Job 307 Job
308
Balances on March 31
Direct materials $
29,000 $
35,000
Direct labor 20,000
18,000
Applied overhead 10,000
9,000
Costs during April
Direct materials 135,000
220,000
$
100,000
Direct labor 85,000
150,000
105,000
Applied overhead ?
?
?
Status on April 30 Finished
(sold) Finished (unsold) In
process
Determine the total of each production cost incurred for
April (direct labor, direct materials, and applied overhead), and the total
cost assigned to each job (including the balances from March 31).
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