Answered

Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 26,000 $ 41,000 Direct labor used (in March) 22,000 15,000 Overhead applied (March) 11,000 7,500 Costs during April Direct materials used 137,000 220,000 $ 120,000 Direct labor used 102,000 153,000 100,000 Overhead applied ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process

Answer :

PARRAINGO

Based on the cost of production by Marco Company, the overhead applied to the jobs are:

  • Job 306 - $51,000
  • Job 307 - $76,500
  • Job 308 - $50,000

What are the overheads applied?

The overhead applied for Job 306 in April is:

= Direct labor cost x 50%
= 102,000 x 50%

= $51,000

The overhead applied for Job 307:
= 153,000 x 50%

= $76,500

The overhead for Job 308:

= 100,000 x 50%

= $50,000

Rest of the question is:

Predetermined overhead rate is 50% of direct labor cost.

Find out more on overhead rates at https://brainly.com/question/26372929.

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