Balances on March 31 Direct materials used in March Direct labor used in March Overhead applied March Costs during April Direct

Question

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 Additional Information Direct labor Job 306 306 33 000 24 000 14 000 Required 1 Determine the amount of overhead applied to each job in April 0 50 145 000 89 000 Finished sold a Raw Materials Inventory has a March 31 balance of 84 000 b Raw materials purchases in April are 510 000 and total factory payroll cost in April is 373 000 c Actual overhead costs incurred in April are indirect materials 52 500 indirect labor 25 500 factory rent 34 500 factory utilities 21 500 and factory equipment depreciation 53 500 d Predetermined overhead rate is 50 of direct labor cost e Job 306 is sold for 645 000 cash in April 307 Job 307 0 50 39 000 22 000 13 000 230 000 160 000 Finished unsold 308 Job 308 0 50 110 000 115 000 2 In process April Total 0 0 50

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