Question 03Lawler and Associates, a C.P.A. firm, uses job order costing to capture the costs ofits audit jobs. There were no audit jobs in process at the beginning of November. Listedbelow are da a concerning the three audit jobs conducted during November.MansonWalkerBarton$ 650$5,40065$ 200$3,375$ 350Direct materialsAuditor labor costsAuditor hours$6,8008030Overhead costs are applied to jobs on the basis of auditor hours, and the predeterminedoverhead rate is $75 per auditor hour. The Barton job is the only incomplete job at the endof November. Actual overhead for the month was $10,000.Instructions(a) Determine the cost of each job.(b) Indicate the balance of the Work(c) Calculate the ending balance of the Manufacturing Overhead aecount for November.Process account at the end of NovemberQuestion 04

Any expenditure that isn't directly tied to a facility's production is referred to as manufacturing…

Answered: Lawler and Associates, a C.P.A. firm,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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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 daa concerning the three audit jobs conducted during November.