Required information

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Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May follows.

1. Purchased raw materials on credit, $240,000.
2. Materials requisitions record use of the following materials for the month.

Chapter 15 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work 2 [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. Part 2 of 2 a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. 15 points Skipped Job 136 $ 48,500 Job 137 33, 000 Job 138 20, 200 Job 139 22, 600 eBook Job 140 Total direct materials 131, 300 Print Indirect materials 21, 000 References Total materials used $152, 300 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. Mc Graw Chapter 15 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work 2 Required information Part 2 of 2 [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 15 activities during May follows. points Skipped a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. eBook Job 136 $ 48,500 Print Job 137 33, 000 References Job 138 20, 200 Job 139 22, 600 Job 140 7,000 Total direct materials 131, 300 Indirect materials 21, 000 Total materials used $152, 300 Mc Graw Hill EducationChapter 15 Connect Homework Assignment Saved Help Save & Exit Submit Check my work 2 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. Part 2 of 2 Job 136 $ 12, 300 Job 137 10, 700 15 Job 138 37, 500 Job 139 39, 200 points Job 140 4,000 Total direct labor 103, 700 Skipped Indirect labor 24, 500 Total $128, 200 eBook Print e. Applied overhead to Jobs 136, 138, and 139. References f. Transferred Jobs 136, 138, and 139 to Finished Goods. g. Sold Jobs 136 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 Mc Graw Hill EducationChapter 15 Connect Homework Assignment 0 Saved Help Save 8. Exit Submit Depreciation of Factory building $69,888 Depreciation of factory equipment 36,589 Expired factory insurance 11,888 Pnn20f2 Accrued property taxes payable 36,888 _ 15 i. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the points predetermined overhead rate of 200% of direct labor cost. skipped 2. Prepare journal entries to record the events and transactions athrough 1'. eBook Print View transaction list References Journal entry worksheet ' l ' Me an Chapter 15 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work 2 O Required information Journal entry worksneet Part 2 of 2 2 3 5 6 7 8 9 10 15 Record raw material purchases on credit. points Skipped Note: Enter debits before credits. Transaction Debit Credit eBook General Journal a. Print References Record entry Clear entry View general journal Mc Graw Hill Chapter 15 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work 2 O Required information 2 3 4 5 6 7 8 9 10 > Part 2 of 2 Record the requisition of direct and indirect materials. 15 points Skipped Note: Enter debits before credits. Transaction General Journal Debit Credit b. eBook Print References Record entry Clear entry View general journal Mc Graw Hill