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Required information [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

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Required information [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. Purchased raw materials on credit, $240,000 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 used $ 48,500 34,000 19,600 23,000 2,400 132,500 21,000 $153, 580 c. Pald 515750 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 300 136 Job 137 Job 135 $ 12,200 10,600 37,700 Search www #* * r 4 d. Time tickets record use of the following labor for the month. These wages were paid in cash Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,200 10,600 37,700 39,400 3,400 103,380 26,800 $129, 300 e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138, and 139 to nished Goods g. Sold Jobs 136 and 138 on credit at a total price of $535,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory Insurance) Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $68,500 38,080 11,000 36,500 . 1. 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. Drau Next > 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance Rw Mataventory Work in Process inventory Endbal Endbal Factory Overhead Finished Goods Inventory Endbal End be Cost of Goods Sold Endbal i Prev 8 9 of 9 !!! Next > Search i overhead role of 200% OF . Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process ventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance fo

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