Texts: Cecconi Company shows the following costs for three jobs worked on in April.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials (in March) $31,200 $38,300
Direct labor (in March) $22,200 $19,100
Applied overhead (March) $11,100 $9,550
Costs during April
Direct materials $137,200 $223,300 $101,100
Direct labor $89,400 $155,500 $106,100
Applied overhead ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $85,500.
Raw materials purchases in April are $502,200, and total factory payroll cost in April is $375,100.
Actual overhead costs incurred in April are indirect materials, $51,100; indirect labor, $24,100; factory rent, $33,100; factory utilities, $20,100; and factory equipment depreciation, $53,200.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $620,000 cash in April.