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Question $4$ of $13$

professional services; it costs the firm $$78$ per hour to cover the cost of its staff. To cover its MOH costs, the

applied MOH costs to clients based on total direct labor hours. At the beginning of the year, they budgeted fo

hours and $$142,740$ of MOH costs.

In theturrent year, the firm's professional staff worked on three key client projects: All Ways. Inc., for $2,300$ h

$1,800$ hours; and High Way, Inc., for $4,000$ hours. These clients were billed for this work by the end of the year

Naturally, there were other costs incurred to run the firm, including sales and marketing costs, which added up

Actual MOH costs for the year totaled $$133,000.$

$($a$)$

Show the effects of the labor and MOH costs through T$-$accounts for the company's inventory and Cost of Sa

balances beginning$/$ending in O select "Beg. Bal." and "End Bal." for the date and O for the amounts for the balance of

WIP Inventory

Beginning balance

$0$

Cost of finishedjobs

$78003$