Direct Labor Costs During May, Hatch Company accumulated 790 hours of direct labor costs on Job 200 and 560 hours on Job 305. The total direct labor was incurred at a rate of $12 per direct labor hour for Job 200 and $17 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May. If an amount box does not require an entry, leave it blank. 8E

12.

Marco 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 Req 5A Job 306 $ 30,600 21,600 11,600 Additional Information a. Raw Materials Inventory has a March 31 balance of $81,600. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is Req 5B Raw materials Work in process Finished goods Total inventories 139,000 86,600 ? Finished (sold) $367,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $639,000 cash in April. Job 307 $36,600 19,600 10,600 5-a. Compute gross profit for April. 5-b. Show how the…

Sweet 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) $ 32,800 $ 40, 700 Direct labor (in March) 23, 800 19, 900 Applied overhead (March ) 11,900 9,950 Costs during April Direct materials 138, 800 225,700 $ 101,900 Direct labor 92, 600 159, 500 106,900 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $89, 500. Raw materials purchases in April are $503, 800, and total factory payroll cost in April is $383,900. Actual overhead costs incurred in April are indirect materials, $51,900; indirect labor, $24,900; factory rent, $33,900; factory utilities, $20, 900; and factory equipment depreciation, $54,800. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April.