4-a. | |
Only Job 306 is sold : | |
Job 306 | |
Balances on March 31 | |
Direct materials | 29000 |
Direct labor | 20000 |
Applied overhead | 10000 |
Cost during April | |
Direct materials | 135000 |
Direct labor | 85000 |
Applied overhead ( 50% of direct labor ) | 42500 |
Cost of goods manufactured | 321500 |
Sales (Job 306) | 635000 |
(-) Cost of goods sold (Job 306) | 321500 |
Gross profit | 313500 |
4-b. | |
Raw materials inventory on March 31 | 80000 |
(+) Raw materials purchases | 500000 |
(-) Raw materials used in April [ 135000 + 220000 + 100000 ] | 455000 |
Raw materials inventory on April 30 | 125000 |
Only Job 308 was in process on April 30 | |
Job 308 | |
Costs during April : | |
Direct materials | 100000 |
Direct labor | 105000 |
Applied overhead ( 50% of direct labor ) | 52500 |
Work in process on April 30 | 257500 |
Only Job 307 was in finihsed goods on April 30 | |
Job 307 | |
Balances on March 31 | |
Direct materials | 35000 |
Direct labor | 18000 |
Applied overhead | 9000 |
Cost during April | |
Direct materials | 220000 |
Direct labor | 150000 |
Applied overhead ( 50% of direct labor ) | 75000 |
Cost of goods manufactured | 507000 |
Finished goods inventory on April 30 (Job 307) | 507000 |
Inventories | |
Raw materials | 125000 |
Work in process | 257500 |
Finished goods | 507000 |
Total inventories | 889500 |
Acct 202... need help figuring out the gross profit for April and what the raw materials...
Acct 202... idk what the raw materials or gross profit might be, plz explain this to me! Required information [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. S $23,000; factory rent, $32,000; factory utilities, $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50%...
4-a. Compute gross profit for April. . Show how to present the inventories on the April 30 balance sheet 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; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined...
how do i calculate? Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $20,000; factory rent, $35,000; factory utilities, $23,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April...
4-a. Compute gross profit for April. 4.b. Show how ro present the inventories on the April 30 balance sheet. 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 $88,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $383,000. Overhead costs incurred in Aprilare: indirect materials, $60,000; indirect labor, $28,000;...
Marcelino Co.'s March 31 inventory of raw materials is $90,000 Raw materials purchases in April are $520,000, and factory payroll cost in April is $375,000 Overhead costs incurred in April are indirect materials, $56,000 indirect labor, $22,000, factory rent, $34,000, factory utilities, $22,000, and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Acct 202... need help figuring out this question! Required Information [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 predetermined overhead rate is 50% of direct labor cost. Job 306 is...
Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $22,000; factory rent, $38,000; factory utilities, $21,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $630,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
gross profit gard UF nyloneStar Login FA COMM TEXTBOOK uz 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 $385,000. Overhead costs incurred in April are: Indirect materials, $54,000: Indirect labor, $24,000; factory rent, $39,000; factory utilities, $24,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $24,000; factory rent, $31,000; factory utilities, $19,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Chap 15 Homework Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $384,000. Overhead costs incurred in Aprilare: indirect materials, $53,000; indirect labor, $28,000; factory rent, $37.000; factory utilities, $21,000; and factory equipment depreciation, $53,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow Job...