Problem 23A Source documents journal entries and accounts in

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

Solution

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