Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Widmer watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased

image text in transcribedimage text in transcribedimage text in transcribed

Widmer watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $200,000 b. Materials requisitions record use of the following materials for the month. Job 136 ob 137 Job 138 Job 139 Job 140 48,000 32,000 19,200 22,400 6,400 Total direct materials Indirect materials 128,000 19,500 Total materials used $147,500 Paid $15,000 cash to a computer consultant to reprogram factory equipment. Time tickets record use of the following labor for the month. These wages were paid in cash. c. d. Job 136 ob 137 Job 138 Job 139 Job 140 S 12,000 10,500 37,500 39,000 3,000 Total direct labor Indirect labor 102,000 24,000 Total $126,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditing Handbook

Authors: K. H. Spencer Pickett

2nd Edition

0470848634, 978-0470848630

More Books

Students also viewed these Accounting questions