Homework Answers
Solution:
| Computation of production cost incurred in april and total cost assigned to each job | ||||
| Particulars | Job 306 | Job 307 | Job 308 | Total |
| From March: | ||||
| Direct material | $26,000.00 | $40,000.00 | $0.00 | $66,000.00 |
| Direct labor | $20,000.00 | $19,000.00 | $0.00 | $39,000.00 |
| Applied overhead (50% of direct labor) | $10,000.00 | $9,500.00 | $0.00 | $19,500.00 |
| Beginning Goods in Process | $56,000.00 | $68,500.00 | $0.00 | $1,24,500.00 |
| For April: | ||||
| Direct material | $1,32,000.00 | $2,20,000.00 | $1,00,000.00 | $4,52,000.00 |
| Direct labor | $1,04,000.00 | $1,50,000.00 | $1,03,000.00 | $3,57,000.00 |
| Applied overhead (50% of direct labor) | $52,000.00 | $75,000.00 | $51,500.00 | $1,78,500.00 |
| Total Cost added in April | $2,88,000.00 | $4,45,000.00 | $2,54,500.00 | $9,87,500.00 |
| Total Costs (April 30) | $3,44,000.00 | $5,13,500.00 | $2,54,500.00 | $11,12,000.00 |
| Status on April 30 | Finished (Sold) | Finished (Unsold) | In Process | |
| April 30 cost included in | Cost of goods sold | Finished goods inventory | Work In Process Inventory | |
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Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials,...
Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials, and applied overhead),
and the total cost assigned to each job (including the balances
from March 31).
Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect...
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please help answer all 4 parts of the question
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1. Determine the total of each production cost incurred for April (direct labor direct materials, and...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4...
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Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials, and applied overhead),
and the total cost assigned to each job (including the balances
from March 31).
Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect...
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i need help with the total cost (april 30)
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $390,000. Overhead costs incurred in April are: indirect materials. $53,000. Indirect labor $28,000; factory rent, $30,000; factory utilities, $22,000and factory equipment...
please help answer all 4 parts of the question
Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $86,000. 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, $59,000Indirect labor, $26,000; factory rent, $36.000; factory utilities, $24,000, and factory equipment depreciation,...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $387.000. Overhead costs incurred in April are: indirect materials, $55,000 $29,000; factory rent, $34.000; factory utilities, $21,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor...
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Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 The following information applies to the questions displayed below.) Part 1 of 4 Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and...
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Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $58,000; Indirect labor $29,000; factory rent, $30,000; factory utilities, $22,000, and factory equipment depreciation, $54,000. The predetermined overhead rate is 50%...
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