Pedro Morales 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.
Gonzalez Navarro Rojas
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 predetermined overhead rate is $55 per auditor hour. The Gonzalez job is the only incomplete job at the end of November. Actual overhead for the month was $12,000.
Determine the cost of each job.
Gonzalez $ 9960
Navarro $ 11840
Rojas $ 6050
Indicate the balance of the Work in Process account at the end of November.
$ 9960
Calculate the ending balance of the Manufacturing Overhead account for November.
$ 725.00Debit balance of $725.00 Is this right?