Required information [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, $200,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials requisitions $ 48,500 33,000 20,000 23,400 6,400 131,300 20,000 $ 151,300 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 Job 138 Job 139. Job 140 Total direct labor Indirect labor 10,500 37,700 39,600 3,000 102,900 26,500 Total labor cost $ 129,400