Solution-Determine the cost of each job

Determine the cost of each job

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Question - Wildhorse 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.

	Rondelli	Preston	Lopez
Direct materials	$1,170	$780	$390
Auditor labor costs	$7,670	$8,580	$4,810
Auditor hours	66	88	45

Overhead costs are applied to jobs on the basis of auditor hours and the predetermined overhead rate is $50 per auditor hour. The Rondelli job is the only incomplete job at the end of November. Actual overhead for the month was $10,500.

Required - Determine the cost of each job.

Reference no: EM133176720

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Determine the cost of each job

Reference no: EM133176720

Reference no: EM133176720

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