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 $590,000, and factory payroll cost in April is $384.000 Overhead costs incurred in April are indirect materials, $55,000, indirect labor $28,000, factory rent $38.000, factory utilises, $20.000, and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $700.000 cash in April Costs of the three jobs worked on in Aprill follow Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct $ 25,000 23,000 135,000 $38,000 15,000 210,000 251 $105,000
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 $590,000, and factory payroll cost in April is $384.000 Overhead costs incurred in April are indirect materials, $55,000, indirect labor $28,000, factory rent $38.000, factory utilises, $20.000, and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $700.000 cash in April Costs of the three jobs worked on in Aprill follow Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct $ 25,000 23,000 135,000 $38,000 15,000 210,000 251 $105,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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