x O Tutor.com Leaming Suite Assignments: 12P-Fall 2021-Man X Question 4 - M02 Ch 15 Homewe x + o tion.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproduct... : work i Saved Help Save & Exit Submit 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 $84,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $23,000; factory rent, $34,000; factory utilities, $22,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 29,000 25,000 12,500 $ 40,000 16,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 133,000 103,000 220,000 152,000 $105,000 100,000 Finished (sold) Finished (unsold) In process -oblem 15-1A Part 1 quired: Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost signed to each job (including the balances from March 31). O O 80F Sunny 9:41 PM 8/31/2021 i O Tutor.com Leaming Suite Assignments: 12P-Fall 2021-Man X Question 4 - MO2 Ch 15 Homewe x + o education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproduct... omework i Saved Help Save & Exit Submit Required information Required: 1. 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). Job 306 Job 307 Job 308 April Total From March Direct Materials $ $ 40.000 29,000 25,000 $ 69,000 41,000 Direct Labor 16.000 12,500 8,000 20,500 Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 133,000 220,000 105,000 100.000 458,000 355,000 103,000 152,000 Total costs (April 30) Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in earch j J' ! a 80F Sunny . 9:41 PM 8/31/2021 74