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Washburn company produces earbuds. during the year Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit

Washburn company produces earbuds. during the year
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Don Lieberman 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 Waters Inc. Renolds Inc. Bayfield Inc. Direct materials $470 $280 $610 $6,000 Auditor labor costs $3,575 $7,600 91 Auditor hours 49 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour. The Waters job is the only incomplete job at the end of November. Actual overhead for the month was $13,800. (a) Determine the cost of each job. Cost Waters $ 6684 Renolds $ 8161 Bayfield $ 3904 (b) Indicate the balance of the Service Contracts in Process account at the end of November. Balance in service contracts in process account $ 6684 ber. (c) Calculate the ending balance of the Operating Overhead account foar Dr Balance in operating overhead account $

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