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Required information {The foiiowing information appiies to the questions dispiayeo' beiowJ Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor.

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Required information {The foiiowing information appiies to the questions dispiayeo' beiowJ Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 201? follows. a. Purchased raw materials on credit, $250,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 43,500 Job 13? 33,000 Job 130 20,000 Job 139 22,400 Job 140 6,000 Total direct materials 130,200 Indirect materials 21,500 Total materials used $152,200 c. Paid $15,250 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. Job 136 $ 12,200 Job 13? 10,000 Job 130 37,500 Job 139 39,200 Job 140 3,300 Total direct labor 103,500 Indirect labor 25,500 Total $129,000 e. Applied overhead to Jobs 135, 138, and 139. f. Transferred Jobs 135, 138, and 139 to Finished Goods. 9. Sold Jobs 135 and 138 on credit at a total price of $545,000. h. The company incurred the following overhead costs during the month [credit Prepaid Insurance for expired factory insurance}. Depreciation of factory building $69,000 Depreciation of factory equipment 38,000 Expired factory insurance 10,000 Accrued property taxes payable 36,000 i. Applied overhead at month-end to the Work in Process Inventory account [Jobs 137' and 140} using the predetermined overhead rate of 200% of direct labor cost. 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 Labor Overhead Total cost 0 0 0 0 0

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