[The following information applies to the questions displayed below.] Westin Wat

Question

[The following information applies to the questions displayed below.]

Westin Watercraft’s predetermined overhead rate for year 2011 is 200% of direct labor. Information on the company’s production activities during May 2011 follows.

  

  

  

  

  

The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance).

  

  

Applied overhead at month-end to the Goods in Process (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.

8.

Required information

Prepare a job cost sheet for each job worked on during the month. (Omit the "$" sign in your response.)

9.

Required information

Prepare journal entries to record the events and transactions a through j. (Omit the "$" sign in your response. )

10.

Required information

Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Goods in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. (Omit the "$" sign in your response.)

Westin Watercraft’s predetermined overhead rate for year 2011 is 200% of direct labor. Information on the company’s production activities during May 2011 follows.

Explanation / Answer

3) No getting, so sorry.

1. Job cost sheet: job no.136 137 138 139 140 mat 49000 33000 20200 23200 7400 lab 12300 10700 37900 39400 3400 overhead 24600 21400 75800 78800 6800 Total cost 85900 65100 133900 141400 17600

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