Question
Hello Can you share how the cost of each job is calculated E20-12 Pedro Morales and Associates, a C.P.A. firm, uses job order costing to
Hello
Can you share how the cost of each job is calculated
E20-12 Pedro Morales and Associates, a C.P.A. 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. Gonzalez Navarro Rojas Direct materials $600 $400 $200 Auditor labor costs $5,400 $6,600 $3,375 Auditor hours 72 88 45 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour. The Gonzalez job is the only incomplete job at the end of November. Actual overhead for the month was $12,000. I figured this: Determine the cost of each job. Gonzalez $ 9960 Navarro $ 11840 Rojas $ 6050 Indicate the balance of the Work in Process account at the end of November. $ 9960 Calculate the ending balance of the Manufacturing Overhead account for November. $ 725.00 Debit balance of $725.00 Is this right????? Click here if you would like to Show Work for this question Question Attempts: 2 of 3 used Copyright
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