Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of...

Question

Question

Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit (b) Indicate the balance of the Service Contracts in Process account at the end of November. Balance in service contracts in

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

a) Cost of each Job

	Waters Inc	Renold Inc	Bayfield Inc
Direct material	650	500	290
Direct labor	5700	7300	3575
Overhead	3900	4784	2652
Total job Cost	10250	12584	6517

b) Balance in service contract in process = $10250

c) actual overhead = 13500

Applied overhead = 11336

Under applied overhead = 2164

Add a comment

Answer 2

Similar Homework Help Questions

Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of...

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 conducted during November. Direct materials Auditor labor costs Auditor hours Waters Inc. $710 $5,600 78 Renolds Inc. $500 $6,700 91 Bayfield Inc. $210 $4,275 49 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined...
Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of...

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 conducted during November Direct materials Auditor labor costs Auditor hours Waters Inc. $700 $5,700 76 Renolds Inc. $440 $7.500 Bayfield Inc. $250 $4,475 49 89 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined...
Current Attempt in Progress Don Lieberman and Associates, a CPA firm, uses job order costing to...

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 conducted during November. Direct materials Auditor labor costs Auditor hours Waters Inc. $600 $5,400 72 Renolds Inc. $400 $6,600 88 Bayfield Inc. $200 $3,375 45 Overhead costs are applied to jobs on the basis of auditor...

Washburn company produces earbuds. during the year Don Lieberman and Associates, a CPA firm, uses job...

Washburn company produces earbuds. during the year 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 conducted during November Waters Inc. Renolds Inc. Bayfield Inc. Direct materials $470 $280 $610 $6,000 Auditor labor costs $3,575 $7,600 91 Auditor hours 49 Overhead costs are applied to jobs on the basis...
Question 7 --/1 View Policies Current Attempt in Progress Don Lieberman and Associates, a CPA firm,...

Question 7 --/1 View Policies 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 conducted during November. Waters Inc. Renolds Inc. Bayfield Inc. Direct materials $610 $480 $300 Auditor labor costs $6,300 $7,600 $3,575 Auditor hours 76 90 48 Overhead costs are applied to jobs...
Exercise 15-12 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the...

Exercise 15-12 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 conducted during November. Lynn Brian Mike Direct materials $710 $440 $230 Auditor labor costs $6,000 $7,000 $4,075 Auditor hours 78 93 48 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead...

Exercise 15-12 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the...

Exercise 15-12 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 conducted during November Direct materials Auditor labor costs Auditor hours Lynn $610 $5,500 Brian Brian $410 $6,700 Mike $210 $3,475 46 73 Overhead costs are applied to jobs on the basis of auditor hours and the predetermined overhead...
Exercise 15-12 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the...

Exercise 15-12 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 conducted during November. Bramble Inc. Vaughn Inc. Sunland Inc. Direct materials $510 $660 $5,900 76 Auditor labor costs $290 $3,675 $7,000 Auditor hours 94 49 Overhead costs are applied to jobs on the basis of auditor hours, and...
Exercise 15-12 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the...

Exercise 15-12 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 conducted during November. Lynn Brian Mike Direct materials $630 $440 $210 Auditor labor costs $5,700 $7,260 $4,260 Auditor hours 77 89 51 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead...

View Policies Current Attemptin Progress Don Lieberman and Associates a CPA firm uses border costing to...

View Policies Current Attemptin Progress Don Lieberman and Associates a CPA firm uses border 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 dit jobs conducted during November Waters Inc. Renolds Inc. Bayfield Inc. Direct materials $540 $450 5290 Auditorlabor costs $5.700 57.700 $3.975 No hours Overhead costs are clied to jobs on the base of ditor hours and the wedetermined...

Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of...

Homework Answers