Problem 19.2A (Static) Computing and recording job costs; preparing schedule of cost of goods
manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed
below] Marco Company shows the following costs for three jobs worked on in April. Additional
Informotion a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials
purchases in April are $500,000, and total factory payroll cost in April is $363,000 c. Actual
overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory
rent, $32.000; factory utilities, $19.000, and factory equipment depreciation, $51,000. d.
Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in
April
Required: 1. Determine the amount of overhead applied to each job in Aprit
2. Determine the total cost assigned to each job as of April 30 (including the balances from
March 31).
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Problem 19.2A (Static) Computing and recording job costs; preparing s.pdf
1. Problem 19.2A (Static) Computing and recording job costs; preparing schedule of cost of goods
manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed
below] Marco Company shows the following costs for three jobs worked on in April. Additional
Informotion a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials
purchases in April are $500,000, and total factory payroll cost in April is $363,000 c. Actual
overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory
rent, $32.000; factory utilities, $19.000, and factory equipment depreciation, $51,000. d.
Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in
April
Required: 1. Determine the amount of overhead applied to each job in Aprit
2. Determine the total cost assigned to each job as of April 30 (including the balances from
March 31)
![Problem 19.2A (Static) Computing and recording job costs; preparing schedule of cost of goods
manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed
below] Marco Company shows the following costs for three jobs worked on in April. Additional
Informotion a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials
purchases in April are $500,000, and total factory payroll cost in April is $363,000 c. Actual
overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory
rent, $32.000; factory utilities, $19.000, and factory equipment depreciation, $51,000. d.
Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in
April
Required: 1. Determine the amount of overhead applied to each job in Aprit
2. Determine the total cost assigned to each job as of April 30 (including the balances from
March 31)](https://image.slidesharecdn.com/problem19-231008090934-529bf11a/85/Problem-19-2A-Static-Computing-and-recording-job-costs-preparing-s-pdf-1-320.jpg)
