0 7 Required information [The fowowing information appies to the questions displayed below Widmer watercraft's predetermined overt eed rate for the year 2017 is 200%of direct labor. Information on the company's production activities during May 2017 follows A. Purchased raw materials on credit, $240,000 b. Materials requisitions record use of the folowing materials for the month 10 50.000 1 direet naterials Iadirect nateri Total saterials osed c. d. Paid $15,000 cash to a computer consutant to reprogram factory equipment. Time tickets record use of the following labor for the month. These wages were paid in cash 8 12,000 10,600 129.700