ch. 15 Homework i 7 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied $ 31,000 Saved $ 37,000 20,000 11,000 22,000 12,000 140,000 87,000 225,000 155,000 $ 105,000 110,000 Finished (sold) Finished (unsold) In process art 1 of 5 э ints eBook Print eferences Status on April 30 Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $505,000, and total factory payroll cost in April is $368,000. c. Actual overhead costs incurred in April are indirect materials, $51,250; indirect labor, $24,250; factory rent, $33,250; factory utilities, $20,250; and factory equipment depreciation, $52,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April. w Required: 1. Determine the amount of overhead applied to each job in April. 306 307 Direct labor $ 87,000 $ 155,000 $ Predetermined overhead rate Overhead applied 308 110,000 $ April Total 352,000 S < Prev 7 8 9 11 of 11 Next > Help

Financial & Managerial Accounting
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ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
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Chapter18: Activity-Based Costing
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ch. 15 Homework i
7
Balances on March 31
Direct materials used (in March)
Direct labor used (in March)
Overhead applied (March)
Costs during April
Direct materials used
Direct labor used
Overhead applied
$ 31,000
Saved
$ 37,000
20,000
11,000
22,000
12,000
140,000
87,000
225,000
155,000
$ 105,000
110,000
Finished
(sold)
Finished
(unsold)
In process
art 1 of 5
э
ints
eBook
Print
eferences
Status on April 30
Additional Information
a. Raw Materials Inventory has a March 31 balance of $82,000.
b. Raw materials purchases in April are $505,000, and total factory payroll cost in April is $368,000.
c. Actual overhead costs incurred in April are indirect materials, $51,250; indirect labor, $24,250; factory rent, $33,250;
factory utilities, $20,250; and factory equipment depreciation, $52,250.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job 306 is sold for $640,000 cash in April.
w
Required:
1. Determine the amount of overhead applied to each job in April.
306
307
Direct labor
$
87,000 $
155,000 $
Predetermined overhead rate
Overhead applied
308
110,000 $
April Total
352,000
S
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Transcribed Image Text:ch. 15 Homework i 7 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied $ 31,000 Saved $ 37,000 20,000 11,000 22,000 12,000 140,000 87,000 225,000 155,000 $ 105,000 110,000 Finished (sold) Finished (unsold) In process art 1 of 5 э ints eBook Print eferences Status on April 30 Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $505,000, and total factory payroll cost in April is $368,000. c. Actual overhead costs incurred in April are indirect materials, $51,250; indirect labor, $24,250; factory rent, $33,250; factory utilities, $20,250; and factory equipment depreciation, $52,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April. w Required: 1. Determine the amount of overhead applied to each job in April. 306 307 Direct labor $ 87,000 $ 155,000 $ Predetermined overhead rate Overhead applied 308 110,000 $ April Total 352,000 S < Prev 7 8 9 11 of 11 Next > Help
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