CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 20-12 K NEXT Donald Martin and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November. Waters Inc. $680 $6,500 Renolds Inc. Bayfield Inc. Direct materials Auditor labor costs Auditor hours $470 $7,600 89 $250 3,875 48 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $53 incomplete job at the end of November. Actual overhead for the month was $12,900 per auditor hour. The Waters ob is the only (a) Determine the cost of each job. Cost Waters Renolds Bayfield s (b) Indicate the balance of the Service Contracts in Process account at the end of Novernber. Balance in service contracts in process account