Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities...
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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, $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 32,500 19,400 22,800 7,000 130,200 19,500 $149,700 c. Paid $15,500 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 $ 12,300 10,700 Job 138 37,700 Job 139 39,200 Job 140 3,800 Total direct labor 103,700 Indirect labor Total 26,000 $129,700 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, $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 32,500 19,400 22,800 7,000 130,200 19,500 $149,700 c. Paid $15,500 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 $ 12,300 10,700 Job 138 37,700 Job 139 39,200 Job 140 3,800 Total direct labor 103,700 Indirect labor Total 26,000 $129,700
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