iPad 1:22 AM 40% 4 edugen.wileyplus.com Brief Exercise 2-6 Brief Exercise 155 Brief Exercise 159 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no Exercise 2-12 audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November. Problem 2-4A (Video) Waters Inc. Renolds Inc. Bayfield Inc. Review Score Review Results by Study Direct materials $700 $440 $250 Objective Auditor labor costs $5,700 $7,500 $4,475 Auditor hours 76 49 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $51 per auditor hour. The Waters job is the only incomplete job at the end of November. Actual overhead for the month was $12,900. (a) Determine the cost of each job. Cost Waters 10276 O Renolds 12479 Bayfield 7224 (b) Indicate the balance of the Service Contracts in Process account at the end of November. Balance in service contracts in process account 10276 (c) Calculate the ending balance of the Operating Overhead account for November. Balance in operating overhead account [X 750 Dr Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION