Question: Problem 19 3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 The following information applies to the questions displayed
Problem 19 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 year 2015 is 200% of direct labor. Information on the company's production actvities during May 2015 follows a. Purchased raw matertals on credit, $200,000. b. Matenals requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 $ 48,000 32,000 19,200 22,400 6,400 Total direct meterials Indirect materials 128,000 19,500 Total matertals used $147,500 c. Paid $15,000 cash to a computer consultant to reprogram foctory 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 S 12,000 10,500 37,500 39,000 3,000 Total direct labor Indirect labor 102,000 24,000 Total $126,000 e. Applied overhead to Jobs 136, 138, and 139. t. Transferred Jobs 136, 138, and 139 to Finished Goods g Sold Jobs 136 and 138 on credit at a total price of $525.000. h. The company incurred the following overheed costs during the month (credit Prepaid Insurance for expired factory Insurance)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
