Solution-Determine the cost of each job

Determine the cost of each job

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Reference no: EM132143649

Question -

(a) Calculate the ending balance of the Manufacturing Overhead account for November.

Lawler and Associates, a C.P.A. 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.

	Manson	Walker	Barton
Direct materials	$650	$350	$200
Auditor labor costs	$5,400	$6,600	$3,375
Auditor hours	65	80	30

Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $60 per auditor hour. The Barton job is the only incomplete job at the end of November. Actual overhead for the month was $10,000.

Instructions

(a) Determine the cost of each job.

(b) Indicate the balance of the Work in Process account at the end of November.

(a) Calculate the ending balance of the Manufacturing Overhead account for November.

Reference no: EM132143649

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Determine the cost of each job

Reference no: EM132143649

Reference no: EM132143649

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