Please Help me, How do I calculate the OverHead for the chart below? Thanks! Widmer...

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Accounting

Please Help me, How do I calculate the OverHead for the chart below? Thanks!

Widmer Watercrafts predetermined overhead rate for year 2013 is 200% of direct labor. Information on the companys production activities during May 2013 follows.

a.

Purchased raw materials on credit, $240,000.

b.

Paid $129,100 cash for factory wages.

c.

Paid $15,750 cash to a computer consultant to reprogram factory equipment.

d.

Materials requisitions record use of the following materials for the month.

Job 136

$

48,500

Job 137

32,500

Job 138

19,600

Job 139

23,200

Job 140

7,000

Total direct materials

130,800

Indirect materials

21,000

Total materials used

$

151,800

e.

Time tickets record use of the following labor for the month.

Job 136

$

12,000

Job 137

10,800

Job 138

37,500

Job 139

39,000

Job 140

3,800

Total direct labor

103,100

Indirect labor

26,000

Total

$

129,100

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 $540,000.

i.

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

Depreciation of factory building

$

70,000

Depreciation of factory equipment

37,500

Expired factory insurance

11,000

Accrued property taxes payable

36,500

j.

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.

Job No. 136

Job No. 137

Job No. 138

Job No. 139

Job No. 140

Materials

$ 48,500

32,500

19,600

23,200

7,000

Labor

12,000

10,800

37,500

39,000

3,800

Overhead

??????

??????

??????

??????

??????

Total Cost

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