Required information
[The following information applies to the questions displayed below.]
The Company shows the following costs for three jobs worked on in April.
Balances on March 31
Direct materials used (in March)
Direct labor used (in March)
Overhead applied (March)
Costs during April
Direct materials used
Direct labor used
Overhead applied
Status on April 30
Job Hawk
Job Tiger Job Bear
\$ 33,800
\$ 39,800
24,800
22,800
14,800
13,800
147,000
89,800
232,000 \$ 112,000
162,000 117,000
?
?
?
Finished
(sold)
Finished
(unsold)
In process
Additional Information
a. Raw Materials Inventory has a March 31 balance of \$84,800.
b. Raw materials purchases in April are \$512,000, and total factory payroll cost in April is \$375,000.
c. Actual overhead costs incurred in April are indirect materials, \$53,000; indirect labor, \$26,000; factory rent,
\$35,000; factory utilities, \$22,000; and factory equipment depreciation, \$54,000.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job Hawk is sold for \$647,000 cash in April.
2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). 22pts.
Job Hawk
Job Tiger
March
Direct materials
\$
33,800
\$
39,800
Direct labor
24,800
22,800
Overhead applied
14,800
13,800
Work in process, beginning
pril
Job Bear
April Total
\$
0
