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 data concerning the three audit jobs conducted during November. Manson $ 650 $5,400 65 Walker $ 350 $6,800 80 Barton Direct materials Auditor labor costs $ 200 $3,375 30 Auditor hours Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $75 per auditor hour. The Barton job is the only incomplete job at the end of November. Actual overhead for the month was $10,000.

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 data concerning the three audit jobs conducted during November. Manson $ 650 $5,400 65 Walker $ 350 $6,800 80 Barton Direct materials Auditor labor costs $ 200 $3,375 30 Auditor hours Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $75 per auditor hour. The Barton job is the only incomplete job at the end of November. Actual overhead for the month was $10,000.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter17: Job Order Costing (job)

Section: Chapter Questions

Problem 3R: Now that your worksheet has been saved as JOB2, fill in the appropriate data for Job 8961. Save the...

See similar textbooks

Similar questions

Binus and Associates is an auditing firm that uses job order costing to capture the costsof its audit jobs. There were no audit jobs in process at the beginning of November. Listedbelow are data concerning the three audit jobs conducted during November. Lynn Brian Mike 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 predeterminedoverhead rate is $50 per auditor hour. The Lynn job is the only incomplete job at the endof November. Actual overhead for the month was $11,000.Instructions:(a) Determine the cost of each job. (b) Indicate the balance of the Service Contracts in Process account at the end ofNovember. (c) Calculate the ending balance of the Operating Overhead account for November. (d) There are two basic types of cost accounting systems: (1) a process cost system and(2) a job order cost system. Explain each of the costing system and…
8. John Morris Associates, a C.PA 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 conceming the three audit jobs conducted during November. Aaron Sharon Daron Direct materials Auditor labor costs Auditor hours $550 $5,500 74 $220 $3.400 42 $440 $6,800 06 Overhead costs are applied to jobs on the basis of auditor hours, and the predelermined overhead rate is $53 per auditor hour. The Aaron job is the only incomplete job at the end of November. Actual overhead for the month was $11,000. 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 November.
8. John Morris 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 data concerning the three audit jobs conducted during November. Aaron Sharon Daron Direct materials $550 $440 $220 Auditor labor costs $5,500 $6,800 $3,400 Auditor hours 74 90 42 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $53 per auditor hour. The Aaron job is the only incomplete job at the end of November. Actual overhead for the month was $11,000. 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.
Charles Wilson 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 on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour. The Waters job is the only incomplete job at the end of November. Actual overhead for the month was $13,900.(a) Determine the cost of each job. Cost Waters $ Renolds $ Bayfield $ (b) Indicate the balance of the Service Contracts in Process account at the end of November. Balance in service contracts in process account $ (c) Calculate the ending balance of the Operating Overhead account…
8. John Morris 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 data concerning the three audit jobs conducted during November.
Now that your worksheet has been saved as JOB2, fill in the appropriate data for Job 8961. Save the results as JOB8961 and print the completed job cost sheet when done. Check figure: Cost of Job 8961 (cell G31), 16,229.35.
44-Oman Textiles LLC appointed a new accountant in the place of old accountant as old accountant shifted his job to the other company. The CEO of the company met the new accountant and guided him the compute the cost of every product, service, a job or a customer and show them in separate headings before providing the cost data to him. The items for which cost measurement is required is known as; O a. Cost Object O b. Cost unit O c. None of the given options O d. Cost driver
Meowth Company has one job remaining in its work in process inventory account with a $150,000 balance. Direct labor cost is $90,000. The predetermined overhead rate is 30% and based on direct labor cost. How much are the direct materials for this remaining job? A. $27,000 B. $33,000 C. $117,000 D. Meowth should not be trusted to be in business.. Pls don't copy answer from Chegg i give up vote
The manufacturing operations of Cullumber, Inc. had the followInventoriesRaw MaterialsWork in ProcessFinished GoodsJanuary 1Cost of goods sold$15.36026,88017,920GA$January 31Cullumber transferred $371,200 of completed goods out of WoCompute the cost of goods sold.Tavthook and Media$16.64029,44020,480 Please don't provide solutions in an image format thank you
How can I get this problem resolve? The following accounts are from last year’s books at Sharp Manufacturing: Raw Materials Debit Credit Balance 0 (b) 154,200 (a) 164,500 10,300 Work In Process Debit Credit Balance 0 (f) 510,800 (b) 132,100 (c) 168,200 (e) 210,500 0 Finished Goods Debit Credit Balance 0 (g) 461,000 (f) 510,800 49,800 Manufacturing Overhead Debit Credit (b) 22,100 (e) 210,500 (c) 26,100 (d) 156,200 6,100 Cost of Goods Sold Debit Credit (g) 461,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year?
Mr. Abdul is a general manger of Al Nizwa Production LLC. Mr. Abdul has provided the following cost data from the cost sheet of a job and requested you to determine the percentage of profit to cost. Direct Material RO 6,000, Production overheads RO 4,000, General Overheads RO 7,000, Distribution Overhead RO 4,000, Direct expenses RO 4,000, and Sales Value RO 30,000. a. 61.67% b. 2.00% c. 20.00% d. 16.67%
Did I do this question correctly? If not please show where I went wrong and how to fix it.A company is taking bids on four construction jobs. Three contractors have placed bids on the jobs. Their bids (in thousands of dollars) are given in the file P05_52.xlsx. (A blank indicates that the contractor did not bid on the given job.) Contractor 2 can do only one job, but contractors 1 and 3 can each do up to two jobs. Determine the minimum cost assignment of contractors to jobs (Note that the data from P05_52.xlsx is already in the excel sheet (B5:E7).