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

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Grant Marwick and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit

Auditor labor costs: $5,900 $6,600 $3,700 Auditor hours: 72 88 45 Overhead costs are applied to jobs on the basis of auditor

business accounting

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Answer 1

Answer #1

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	Correct option is: 4. A debit balance of $450

	Workings:
	Computation of Ending balance of manufacturing overhead:

	Actual overheads	=	$ 10,700
Less:	Applied overheads [(72+88+45) X $50]	=	$ 10,250
	Underapplied overheads	=	$ 450

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Answer 2

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