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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. a. Purchased raw materials on credit
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 $260,000 b. Materials requisitions record use of the following materials for the month Job 136 Job 137 549.See 13.5ee Job 139 131, 4ee Total direct waterials Indirect materials Total materials used $152,488 c. Pald $15,750 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 $ 12,28 18,69 Total direct labor 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 $525,000 h. The company incurred the following overhead costs during the month (credit Prepaide insurance) r les con Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $69. See 37.ee 11, eee 36,00 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. Required: 1. Prepare a job cost sheet for each job worked on during the month. Job No 140 $ Materials Labor Overhead 48,500 12 200 24000 Answer is complete but not entirely correct. Job No. Job No Job No, Job No. 137 138 139 33,500 19,800 $ 23,000 $ 5,600 10,600 37,700 39 200 3200 21.000 75.000 78.000 6.000
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