[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. a. Purchased raw materials on credit, $220,000 b. Materials requisitions record use of the following materials for the month. 1:57 Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 50, eee 33,000 20,000 22,800 6,800 132,600 21, eee $153,600 c. Paid $16,000 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. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,100 10,600 38,100 39,000 4,000 103,800 26,500 $130,300 W e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138, and 139 to Finished Goods. g. Sold Jobs 136 and 138 on credit at a total price of $540,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance). f. Transferred Jobs 136, 138, and 139 to Finished Goods. g. Sold Jobs 136 and 138 on credit at a total price of $540,000. 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 $70,00 38,500 11,000 37. eee i. 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. Answer is not complete. Raw Materials Inventory 220,000 153,600 b. b. > d. e. Work in Process Inventory 132,600 103,800 178,400 360,400 29,200 83,600 66,400 f. End.bal. Factory Overhead 21,000 16,000 f. Finished Goods Inventory 360,400 220,600 9. 30 26 500 178,400 e. End.bal. 139,800 h. 156,500 41,600 End.bal. Cost of Goods Sold 220,600 End.bal. 220,600 Determine the over- or underapplied overhead at the year-end. Factory Overhead 1,125,000 X 1,920,000 Actual overhead cost 795,000