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, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 $ 49,500 33,000 20,000 23,000 Job 140 Total direct materials Indirect materials Total materials requisitions 7,400 132,900 20,500 $ 153,400 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 $ 12,200 10,600 Job 138 38,100 Job 139. Job 140 Total direct labor. Indirect labor Total labor cost 39,400 3,600 103,900 25,000 $ 128,900