Widmer Watercraft’s predetermined overhead rate for year 2013 is 200% of direct labor. Information.. 1 answer below »

Widmer Watercraft’s predetermined overhead rate for year 2013 is 200% of direct labor. Information on the company’s production activities during May 2013 follows. a. Purchased raw materials on credit, $ 200,000. b. Paid $ 126,000 cash for factory wages. c. Paid $ 15,000 cash to a computer consultant to reprogram factory equipment. d. Materials requisitions record use of the following materials for the month. Job 136 . . . . . . . . . . . . . . . . . . . . $ 48,000 Job 137 . . . . . . . . . . . . . . . . . . . . 32,000 Job 138 . . . . . . . . . . . . . . . . . . . . 19,200 Job 139 . . . . . . . . . . . . . . . . . . . . 22,400 Job 140 . . . . . . . . . . . . . . . . . . . . 6,400 Total direct materials . . . . . . . . . 128,000 Indirect materials . . . . . . . . . . . . 19,500 Total materials used . . . . . . . . . . $ 147,500 e. Time tickets record use of the following labor for the month. Job 136 . . . . . . . . . . . . . . . . $ 12,000 Job 137 . . . . . . . . . . . . . . . . 10,500 Job 138 . . . . . . . . . . . . . . . . 37,500 Job 139 . . . . . . . . . . . . . . . . 39,000 Job 140 . . . . . . . . . . . . . . . . 3,000 Total direct labor . . . . . . . . 102,000 Indirect labor . . . . . . . . . . . . 24,000 Total . . . . . . . . . . . . . . . . . . $ 126,000 f. Applied overhead to Jobs 136, 138, and 139. g. Transferred Jobs 136, 138, and 139 to Finished Goods. h. Sold Jobs

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