Marcelino Cos March inventory of raw materials is $ Raw materials purchases in April are $ and factory payroll cost in April is $ Overhead costs incurred in April are: indirect materials, $; indirect labor, $; factory rent, $; factory utilities, $; and factory equipment depreciation, $ The predetermined overhead rate is of direct labor cost. Job is sold for $ cash in April. Costs of the three jobs worked on in April follow.
Job Job Job
Balances on March
Direct materials $ $
Direct labor
Applied overhead
Costs during April
Direct materials $
Direct labor
Applied overhead
Status on April Finished sold Finished unsold In process
Required:
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
