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Don Lieberman and Associates a CPA firm.uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process
Don Lieberman 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 worked on during November Wildhorse Inc Blossom Inc. Crane Inc. Direct materials $660 $510 $290 $5.900 $3.675 Auditor labor costs Auditor hours $7,000 94 76 49 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is 554 per auditor hour. The Wildhorse Inc. job is the only incomplete job at the end of November. Actual overhead for the month was $12.100 (a) Determine the cost of each job Cost Wildhorse Blossom 5 Crane (b) Indicate the balance of the Service Contracts in Process account at the end of November Balance in wervice contracts in process account (c) Calculate the ending balance of the Operating Overhead account for November Balance in operating overhead accounts
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