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Required information [ The following information applies to the questions displayed below. ] Watercraft's predetermined overhead rate is 2 0 0 % of direct labor.

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[The following information applies to the questions displayed below.]
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.
\table[[Job 136,$48,500
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