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Not Graded... (Practice) Explain the formulas or calculations to get the answers- so I can do the actual book homework Riverwood Accounting Company has the

Not Graded... (Practice) Explain the formulas or calculations to get the answers- so I can do the actual book homework

Riverwood Accounting Company has the following account in its cost records:

Work in ProcessJones Audit
Direct labor 220,000 Services completed 464,783
Project overhead 297,000

Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit.

Job Order Cost Sheet Jones Audit (Services in Process)
Direct labor Answer
Project overhead Answer
Total cost Answer

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