Direct materials Auditor labor costs Auditor hours Sandhill Inc. $710 $5,800 78 Wildhorse In $430 $7,400 91 Blossom Inc. $250 $3.575 51
Direct materials Auditor labor costs Auditor hours Sandhill Inc. $710 $5,800 78 Wildhorse In $430 $7,400 91 Blossom Inc. $250 $3.575 51
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
![Sandhill
$
Wildhorse $
Blossom
$
Cost
(b) Indicate the balance of the Service Contracts in Process account at the end of November.
Balance in service contracts in process account $
+A
Balance in operating overhead account
k
(c) Calculate the ending balance of the Operating Overhead account for November.
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bc3540f-449e-46df-aa22-d85d10a64669%2F122777b5-82ce-4f40-9fe3-12306cbcfba7%2Fa3y87lj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sandhill
$
Wildhorse $
Blossom
$
Cost
(b) Indicate the balance of the Service Contracts in Process account at the end of November.
Balance in service contracts in process account $
+A
Balance in operating overhead account
k
(c) Calculate the ending balance of the Operating Overhead account for November.
$
![Current Attempt in Progress
Don Lieberman 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 worked on during November.
Direct materials
Auditor labor costs
Auditor hours
Sandhill Inc.
$710
$5,800
78
Wildhorse In
$430
$7,400
91
Blossom Inc.
$250
$3,575
51
Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour.
Sandhill Inc. job is the only incomplete job at the end of November. Actual overhead for the month was $14,000.
(a) Determine the cost of each job.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bc3540f-449e-46df-aa22-d85d10a64669%2F122777b5-82ce-4f40-9fe3-12306cbcfba7%2Fylbos5j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
Don Lieberman 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 worked on during November.
Direct materials
Auditor labor costs
Auditor hours
Sandhill Inc.
$710
$5,800
78
Wildhorse In
$430
$7,400
91
Blossom Inc.
$250
$3,575
51
Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour.
Sandhill Inc. job is the only incomplete job at the end of November. Actual overhead for the month was $14,000.
(a) Determine the cost of each job.
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