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) $ 32,000 $ 38,000 direct labor used (in march) 22,000 18,000 overhead applied (march) 11,000 9,000 costs during april direct materials used 134,000 205,000 $ 120,000 direct labor used 104,000 154,000 104,000 overhead applied ? ? ? status on april 30 finished (sold) finished (unsold) in process additional information raw materials inventory has a march 31 balance of $86,000. raw materials purchases in april are $530,000, and total factory payroll cost in april is $387,000. actual overhead costs incurred in april are indirect materials, $50,000; indirect labor, $25,000; factory rent, $31,000; factory utilities, $20,000; and factory equipment depreciation, $51,000. predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $695,000 cash in april.
