Required information [The following information applies to the questions displayed below] Marco Company shows the...
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Required information [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $86,800. b. Raw materials purchases in April are $517,000, and total factory payroll cost in April is $380,000. c. Actual overhead costs incurred in April are indirect materials, \$54,250; indirect labor, \$27,250; factory rent, $36,250; factory utilities, $23,250, and factory equipment depreciation, $55,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $652,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April
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Required information [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $86,800. b. Raw materials purchases in April are $517,000, and total factory payroll cost in April is $380,000. c. Actual overhead costs incurred in April are indirect materials, \$54,250; indirect labor, \$27,250; factory rent, $36,250; factory utilities, $23,250, and factory equipment depreciation, $55,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $652,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April 