Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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Category > Management Posted 23 Jan 2018 My Price 7.00

Tom Robinson and Associates

E2-12 Tom Robinson 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.

 

 Sara          Brian          Nick

 

Direct materials                   $600             $400             $200 Auditor labor costs     $5,400     $6,600     $3,375 Auditor hours              72                 88                  45

 

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 for November.

 

 

 

 

 


Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jan 2018 10:01 PM My Price 7.00

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