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Your arsiver is partially correct Don Lieberman and Associatesi a CPA firm, uses job order costing to capture the costs of its audit jobs. There
Your arsiver is partially correct Don Lieberman and Associatesi 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 Navember Overhead costs are apolied to jobs on the basis of auditor hours, and the predeterminod overhead rate is $54 por auditor hour. The Watersiob is the only incomplete job at the end of November. Actual overhead for the month was 513,500. (a) Detarmine the cost of eachjoh. Waters job is the only incomplete job at the end of November. Actual overhead for the month was $13 sod. (a) Determine the cost of each job. (b) Indicate the balance of the Service Contracts in Process account at the end of Nowember. Blalance in service contracts in process account (c) Cakylate the ending balance of the Operating Overtead accoont for November. Balance in operating overhead account
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