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Business, 05.12.2019 07:31 cheyenneisaboss22

Marcelino co.'s march 31 inventory of raw materials is $88,000. raw materials purchases in april are $500,000, and factory payroll cost in april is $385,000. overhead costs incurred in april are: indirect materials, $51,000; indirect labor, $30,000; factory rent, $35,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $660,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $ 31,000 $ 35,000 direct labor 23,000 15,000 applied overhead 11,500 7,500 costs during april direct materials 134,000 215,000 $ 100,000 direct labor 102,000 151,000 102,000 applied overhead ? ? ? status on april 30 finished (sold) finished (unsold) in process rev: 03_15_2018_qc_cs-121813 problem 15-1a part 4 4.1 compute gross profit for april.

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