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$[$The following information applies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

Additlonal Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$87,600.$

b$.$ Raw materials purchases in April are $$519,000,$ and total factory payroll cost in April is $$382,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$54,750$; indirect labor, $$27,750$; factory rent, $$36,750$;

factory utilities, $$23,750$; and factory equipment depreciation, $$55,750.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$654\mathrm{.}000$ cash in April.

Determine the total cost assigned to each job as of April $30($including the balances from March $31).$ a$.$ Materials purchases $($on credit$).$

b$.$ Direct materials used.

c$.$ Direct labor used $($and paid in cash$)$ and assigned to Work in Process Inventory.

d$.$ Indirect materials used and assigned to Factory Overhead.

e$.$ Indirect labor used $($and paid in cash$)$ and assigned to Factory Overhead.

f$.$ Overhead costs applied to Work in Process Inventory.

g$.$ Actual other overhead costs incurred $($Factory rent and utilities are paid in cash.$)$

h$.$ Transfer of Jobs $306$ and $307$ to Finished Goods Inventory.

I. Cost of goods sold for Job $306.$

J$.$ Revenue from the sale of Job $306$ received in cash.

k$.$ Close underapplied or overapplied overhead to the Cost of Goods Sold account.

Prepare journal entries for the month of April to record the above transactions.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$11$

$>$

Record the entry for material purchased on credit.

Note: Enter debits before credits. Requlred Informatlon

$[$The following information applies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

Addlitional Informatlon

a$.$ Raw Materials Inventory has a March $31$ balance of $$87,600.$

b$.$ Raw materials purchases in April are $$519,000,$ and total factory payroll cost in April is $$382,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$54,750$; indirect labor, $$27,750$; factory rent, $$36,750$ :

factory utilities, $$23,750$; and factory equipment depreciation, $$55\mathrm{.}750.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$654\mathrm{.}000$ cash in April.

Prepare a schedule of cost of goods manufactured for the month ended April $30.$

$[$The following information applies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

Addltional Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$87,600.$

b$.$ Raw materials purchases in April are $$519,000,$ and total factory payroll cost in April is $$382,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$54\mathrm{.}750$; indirect labor, $$27,750$; factory rent, $$36,750$ :

factory utilities, $$23\mathrm{.}750$; and factory equipment depreciation, $$55\mathrm{.}750.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$654\mathrm{.}000$ cash in April.

Required:

Determine the amount of overhead applied to each job in April.

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