Tom Robinson and Associates, a CPA firm, uses job order costing to capture the costs of its
Question:
Listed below are data concerning the three audit jobs conducted during November.
Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour. The Sara job is the only incomplete job at the end of November. Actual overhead for the month was $12,000.
Instructions
(a) Determine the cost of each job.
(b) Indicate the balance of the Work in Process account at the end of November.
(c) Calculate the ending balance of the Manufacturing Overhead account forNovember.
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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