Labels
Job 306 | Job 307 | Job 308 | Total | |
From March | ||||
Direct Materials | 31,000 | 40,000 | 71,000 | |
Direct Labor | 22,000 | 19,000 | 41,000 | |
Applied Overhead | 11,000 | 9,500 | 20,500 | |
Beginning goods in process | 64,000 | 68,500 | 132,500 | |
For April | ||||
Direct Materials | 135,000 | 220,000 | 110,000 | 465,000 |
Direct Labor | 101,000 | 152,000 | 102,000 | 355,000 |
Applied Overhead (Direct labor cost x 50%) | 50,500 | 76,000 | 51,000 | 177,500 |
Total costs added in April | 286,500 | 448,000 | 263,000 | 997,500 |
Total costs (April 30) | 350,500 | 516,500 | 263,000 | 1,130,000 |
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 | |
MARCELINO COMPANY | ||||
Schedule of Cost of Goods Manufactured | ||||
For Month Ended April 30 | ||||
Direct materials used | 465,000 | |||
Direct labor used | 355,000 | |||
Factory overhead used | 177,500 | |||
Total manufacturing costs | 997,500 | |||
Add: Work in process March 31 | 132,500 | |||
Total cost of work in process | 1,130,000 | |||
Less: Work in process April 30 | 263,000 | |||
Cost of goods manufactured | 867,000 | |||
Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $26,000; factory rent, $32,000; factory utilities, $23,000; and factory equipment depreciation, $61,000. 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 follow. (The following information...
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 sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. 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 306 Job...
THANK YOU:)! REQ#1 REQ#2 REQ#3 REQ#4 Required information 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 $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in Aprilare: indirect materials, $53.000; indirect labor, $23.000 factory rent, $37000; factory utilities. $19,000: and factory equipment depreciation. $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $675,000...
Required information [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 $580,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $24,000; factory rent, $34,000; factory utilities, $22,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of...
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, S53,000. 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...
Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $59,000; indirect labor, $28,000; factory rent, $33,000; factory utilities, $21,000; and factory equipment depreciation, $52,000. 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...
3. Prepare a schedule of cost of goods manufactured Saved Required information [The following information applies to the questions displayed below.) Marcelino Cols 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 overhead rate is 50% of direct labor cost. Job...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $29,000; factory rent, $38,000; factory utilities, $23,000; and factory equipment depreciation, $52,000. 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 follow. Job 306 Job...
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 sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...