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Determine the cost of each job

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Question - Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $50 per auditor hour. The Waters Inc. job is the only incomplete job at the end of November. Actual overhead for the month was $11,000.

Required -

(a) Determine the cost of each job.

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

Reference no: EM133123346

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