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. a. Purchased raw materials on credit, $220,000. b. Paid $130,100 cash for factory wages. c. Paid $15,250 cash to a computer consultant to reprogram factory equipment. d. Materials requisitions record use of the following materials for the month. Job 136 $ 49,000 Job 137 33,500 Job 138 19,400 Job 139 22,400 Job 140 6,600 Total direct materials 130,900 Indirect materials 20,000 Total materials used $ 150,900
Time tickets record use of the following labor for the month. Job 136 $ 12,200 Job 137 10,800 Job 138 37,900 Job 139 39,400 Job 140 3,800 Total direct labor 104,100 Indirect labor 26,000 Total $ 130,100 f. Applied overhead to Jobs 136, 138, and 139. g.Transferred Jobs 136, 138, and 139 to Finished Goods. h. Sold Jobs 136 and 138 on credit at a total price of $535,000. i. The company incurred the following overhead costs during the month . Depreciation of factory building $ 68,000 Depreciation of factory equipment 38,500 Expired factory insurance 11,000 Accrued property taxes payable 36,000 j. Applied overhead at month-end to the Goods in Process using the predetermined overhead rate of 200% of direct labor cost. 5. value: 7.00 points Required: 1. Prepare a job cost sheet for each job worked on during the month.