? 6 Search the web... Search the web. State Center Single-Sign x McGraw-Hill Con

Question

? 6 Search the web... Search the web. State Center Single-Sign x McGraw-Hill Connect x yM Ch15 Problems) x C Problem 15-3A Source t E Cezto.mheducation.com/hm.tpx The following information applies to the questions displayed below watercraft's predetermined overhead rate for year 2015 is 200% of direct labor information on the Widmer company's production activities during May 2015 follows a. Purchased raw materials on credit, $200 000 b. Matenials requisitions record use of the following matertals tor the month Job 136 Job 137 Job 138 Job 139 Job 140 $ 48.500 32.000 19.800 23,000 6,600 Total direct materlals Indirect meteriois 129.900 21.500 Total matenials used S 151.400 c. Paid $15,750 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the folowing labor for the month. These wages were pold in cash Job 136 Job 137 Job 138 Job 139 Job 140 s 12 200 10.500 372700 39.000 3 400 Totei direct labor Indirect labor 102 800 25,500 Tote 5128 300

Explanation / Answer

1) JOB 136 137 138 139 140 mat 48,500 32,000 19,800 23,000 6,600 lab 12200 10500 37700 39000 3400 overhead 24400 21000 75400 78000 6800 total cost 85,100 63,500 132,900 140,000 16,800 3) RM Inventory a/c: 200000 129900 21500 cb 48600 WIP Inventory a/c: 129900 358000 102800 cb 80300 205600 total 438300 total 438300 Factory Overhead a/c: 21500 205600 25500 37000 70000 11000 37000 cb 3600 total 205600 total 205600 COGS a/c: 218000 FG Inventory a/c: 358000 218000 cb 140000 4) Report of Job Costs: amount $ WIP : mat 129900 lab 102800 o/h 205600 Total WIP 438300 FG Invent 358000 Less:CB 140000 COGS 218000 Sales reve 535000 Gross Profit 317000

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