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In order to successfully complete this weekly discussion forum, you must post (AT A MINIMUM) one (1) VIDEO to this forum in which you
In order to successfully complete this weekly discussion forum, you must post (AT A MINIMUM) one (1) VIDEO to this forum in which you discuss THE SOLUTION TO THE FOLLOWING PROBLEM: JOB ORDER COSTING IN A SERVICE BUSINESS John Meyer, CPA, does tax & audit work. He estimates his overhead costs for the current year will be: Wages paid to receptionist..... Supplies......... Depreciation on office equipment........ Advertising... Rent and utilities........ John uses direct labor hours to allocate overhead costs to jobs performed for clients. He estimates that he will work 1,900 hours conducting audits and preparing tax returns this year. John uses $60 per hour for his wage rate when computing the cost of any work performed for a client. ..$17,000 ...8,000 ..2,000 .1,300 ..4,000 32,300 MAKE SURE THAT YOUR RESPONSE INCLUDES AN EXPLANATION OF YOUR ANSWER, NOT THE SIMPLE DOLLAR ($) AMOUNT. YOUR EXPLANATION IS MORE IMPORTANT THAN THE ANSWER ITSELF BECAUSE YOUR EXPLANATION SHOWS THAT YOU COMPREHEND AND UNDERSTAND THE ACCOUNTING CONCEPT. EXPLAIN WHETHER OR NOT YOU USED THE EXCEL SPREADSHEET I PROVIDED. WAS IT HELPFUL?
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