• Ques 5: Pedro Morales and Associates, a CPA 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: Direct materials Auditor labour costs Auditor hours • Koppel $ 700 $5,400 72 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $60 per auditor hour. The Koppel job is the only incomplete job at the end of November. Actual overhead for the month was $12,000. • Dupont $ 400 $6,600 90 Instructions: • Determine the cost assigned to each job. Determine the balance of the Work in Process account at the end of November. Calculate the ending balance of the Overhead account for November. Determine predetermined overhead rate, apply overhead, and determine whether overhead was under- or over-applied. • Rojas $ 250 $3,375 40