Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used. Overhead applied Status on April 30 Additional Information Problem 15-2A (Algo) Part 1 Direct labor Predetermined overhead rate Overhead applied Required: 1. Determine the amount of overhead applied to each job in April. $ 306 $ 33,800 24,800 14,800 a. Raw Materials Inventory has a March 31 balance of $84,800. b. Raw materials purchases in April are $512,000, and total factory payroll cost in April is $375,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $26,000; factory rent $35,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $647,000 cash in April. 89,800 147,000 89,800 ? Finished (sold) $ $ 39,800 22,800 13,800 232,000 162,000 307 162,000 $ ? Finished (unsold) Answer is not complete. $ 112,000 117,000 ? In process 308 117,000 April Total $ 368,800

Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used. Overhead applied Status on April 30 Additional Information Problem 15-2A (Algo) Part 1 Direct labor Predetermined overhead rate Overhead applied Required: 1. Determine the amount of overhead applied to each job in April. $ 306 $ 33,800 24,800 14,800 a. Raw Materials Inventory has a March 31 balance of $84,800. b. Raw materials purchases in April are $512,000, and total factory payroll cost in April is $375,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $26,000; factory rent $35,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $647,000 cash in April. 89,800 147,000 89,800 ? Finished (sold) $ $ 39,800 22,800 13,800 232,000 162,000 307 162,000 $ ? Finished (unsold) Answer is not complete. $ 112,000 117,000 ? In process 308 117,000 April Total $ 368,800

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Description: 7 Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during AprilDirect materials usedDirect labor usedOverhead appliedStatus on April 30Additional InformationProblem 15-2A (Algo) Part 1$ 33,80024,80014,800Direc

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 5SEB: PREDETERMINED FACTORY OVERHEAD RATE Marston Enterprises calculates a predetermined factory overhead...

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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 Status on April 30 Additional Information Req 5A Job 306 Req 5B $ 35,400 26,400 16,400 Compute gross profit for April. Gross profit 151,000 91,400 ? Finished (sold)