Problem 2-3A Source documents, journal entries, and accounts in job order costin

Question

Problem 2-3A Source documents, journal entries, and accounts in job order costing LO P The following informstion applies to the questions disployed below 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 credt, $220,000. b. Materials requisitions record use of the following moterials for the month Job 136 Job 137 Job 138 Job 139 Job 140 $ 49,500 32,500 19,800 22,800 7.000 Total diret materials Indirect materials 131,600 20.500 Total materials used $152.100 c Pald $15.250 cash to a computer consultant to reprogram factory equipment d Time tuckets 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 $ 12.200 10,800 37700 39,400 3.200 Total drect labor Indlrect labor 103,300 26.000 Total $129.300 e. Applied overhead to Jobs 136. 138, and 139

Explanation / Answer

Job No. 136

f.

Job No. 136

Job No. 137 Job No. 138 Job No. 139 Job No. 140 Materials (b.) $49,500 $32,500 $19,800 $22,800 $7,000 Labor (d. ) 12,200 10,800 37,700 39,400 3,200 Overhead (200% of labor) 24,400 21,600 75,400 78,800 6,400 Total cost 86100 64900 132900 141000 16600

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