Number 4 please do all of the required ones.
4a | ||||
Gross Profit | 308500 | |||
4b | ||||
Inventories | ||||
Raw materials | 75000 | =80000+500000-455000-50000 | ||
Work in Process | 257500 | |||
Finished goods | 507000 | |||
Total inventories | 839500 | |||
Workings: | ||||
Job 306 | Job 307 | Job 308 | April Total | |
From March | ||||
Direct Materials | 29000 | 35000 | 64000 | |
Direct Labor | 20000 | 18000 | 38000 | |
Applied overhead | 10000 | 9000 | 19000 | |
Beginning goods in process | 59000 | 62000 | 0 | 121000 |
For April | ||||
Direct Materials | 135000 | 220000 | 100000 | 455000 |
Direct Labor | 85000 | 150000 | 105000 | 340000 |
Applied overhead | 42500 | 75000 | 52500 | 170000 |
Total costs added in April | 262500 | 445000 | 257500 | 965000 |
Total costs (April 30) | 321500 | 507000 | 257500 | 1086000 |
Status on April 30 | Finished (sold) | Finished (unsold) | In process | |
April 30 cost included in: | Cost of goods sold | Finished goods inventory | Goods in process inventory | |
Actual factory overhead: | ||||
Indirect materials | 50000 | |||
Indirect labor | 23000 | |||
Factory rent | 32000 | |||
Factory utilities | 19000 | |||
Factory depreciation equipment | 51000 | |||
Actual factory overhead | 175000 | |||
Applied overhead | 170000 | |||
Underapplied overhead | 5000 | |||
Sales | 635000 | |||
Less: Cost of goods sold | 321500 | |||
Less: Underapplied overhead | 5000 | |||
Gross Profit | 308500 |
Number 4 please do all of the required ones. Required information Problem 02-1A Production costs computed...
mework i Help Save & Exit Su Check my 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 $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factorytent, $40,000; factory utilities, $22,000; and factory equipment depreciation,...
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,...
Number 1 please do all of them.
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...
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...
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 $88.000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in April are: Indirect materials, $60,000. Indirect labor $22,000; factory rent, $39,000; factory utilities, $23.000, and factory equipment depreciation. $61,000. The predetermined overhead rate is 50% of...
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 $82,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $26,000; factory rent, $32,000; factory utilities, $22,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of...
Number 3
Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 Part 3 of 4 (The following information applies to the questions displayed below.) 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 factory equipment depreciation, $51,000. The...
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 $88.000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in April are Indirect materials, $60,000: Indirect labor. $22.000.factory rent. $39.000; factory utilities. $23.000, and factory equipment depreciation, $61.000. The Is 50% of direct labor cost. Job...
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 $87,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55.000, indirect labor. $27.000 factory rent, $37,000; factory utilities, $23,000, and factory equipment depreciation, $55,000. The predetermined overhead rate is 50%...
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 $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $57,000 indirect labor. $26.000; factory rent, $32,000; factory utilities, $22.000and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct...