# Mework i Help Save & Exit Sube Check my wo Required information Problem 15-1A Production costs...

###### Question:

mework i Help Save & Exit Sube Check my wo Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87.000. Raw materials purchases in April are$590.000, and factory payroll cost in April is $386.000. Overhead costs incurred in April are: indirect materials,$58,000; indirect labor, $29.000; factory rent,$40,000; factory utilities, $22,000; and factory equipment depreciation,$55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655.000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308$31.000 24,000 12,000 $38,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 132,000 102,000 215,000 154,000$105,000 101.000 In Finished (sold) Finished (unsold) process < Prev 67 of 7 Next >
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