Required information Problem 15-3A Source documents, journal entries, and accoun

Question

Required information Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows a. Purchased raw materials on credit, $220,000. 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 s 50,000 33,000 19, 800 23,400 7, 200 133, 400 $153, 400 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 S 12,200 10, 500 37,700 39, 200 3, 000 102, 600 126, 600

Explanation / Answer

Solution 4:

Job Cost Sheets Job No Direct materials Direct labor Manufacturing overhead Total 136 $50,000.00 $12,200.00 $24,400.00 $86,600.00 137 $33,000.00 $10,500.00 $21,000.00 $64,500.00 138 $19,800.00 $37,700.00 $75,400.00 $132,900.00 139 $23,400.00 $39,200.00 $78,400.00 $141,000.00 140 $7,200.00 $3,000.00 $6,000.00 $16,200.00 Total $133,400.00 $102,600.00 $205,200.00 $441,200.00

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