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Wildhorse and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process
Wildhorse 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. Rondelli Preston Lopez Direct materials $1,170 $780 $390 Auditor labor costs $7,670 $8,580 $4,810 Auditor hours 66 88 45 Overhead costs are applied to jobs on the basis of auditor hours and the predetermined overhead rate is $50 per auditor hour. The Rondelli job is the only incomplete job at the end of November. Actual overhead for the month was $10,500. (a) Your answer has been saved. See score details after the due date. Determine the cost of each job. Total cost (b) Rondelli Preston 12140 eTextbook and Media Lopez 13760 7450 Attempts: 1 of 1 used (a) Your answer has been saved. See score details after the due date. Determine the cost of each job. Total cost (b) Rondelli eTextbook and Media 12140 Preston 13760 Your answer has been saved. See score details after the due date. Indicate the balance of the Work in Process Inventory account at the end of November. Balance of the Work in Process 12140 (c) eTextbook and Media Lopez 7450 Attempts: 1 of 1 used Attempts: 1 of 1 used
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