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Please folllow eaxact chart layout Widmer Watercraft's predetermined overhead rate for year 2013 is 200% of direct labor. Information on the company's production activities during
Please folllow eaxact chart layout
Widmer Watercraft's predetermined overhead rate for year 2013 is 200% of direct labor. Information on the company's production activities during May 2013 follows. a. Purchased raw materials on credit, $260,000. b. Paid $128,600 cash for factory wages. c. Paid $15,250 cash to a computer consultant to reprogram factory equipment. d. Materials requisitions record use of the following materials for the month. 49.500 Job 136 Job 137 34.000 20,000 Job 138 Job 139 23.000 Job 140 7000 Total direct materials 133,500 20,500 ndirect materials S154.000 Total materials used e. Time tickets record use of the following labor for the month. Job 136 S 1 2100 Job 137 10,700 37.500 Job 138 Job 139 39,400 Job 140 3,400 Total direct labor 103.100 25,500 Indirect labor Total S128,600 f Applied overhead to Jobs 136, 138, and 139. g. Transferred Jobs 136, 138, and 139 to Finished Goods. h. Sold Jobs 136 and 138 on credit at a total price of S530,000. l. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance $68.000 Depreciation of factory building Depreciation of factory equipment 38.000 Expired factory insurance 11.000 Accrued property taxes payable 35,500 J. Applied overhead at month-end to the Goods in Process (Jobs 137 and 14 using the predetermined overhead rate of 200% of direct labor cost. 10.93 points Required 1. Prepare a job cost sheet for each job worked on during the month. Job No. 136 Job No. 137 Job No. 138 Job No. 139 Job No. 140 Materials s 49,500 s 34.000 s 20.000 s 23.000 s 7000 Labor 12.100 0.700 37,500 39 400 3.400 61,600 57,500
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