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Required information Problem 02-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the
Required information Problem 02-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $260,000 b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 $ 48,000 33,000 Job 138 19,400 Job 139 23,000 Job 140 7,200 Total direct materials Indirect materials 130,600 Total materials used 19,500 $150,100 c. Paid $15,750 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash.
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