Question 1. Quadro uses a job order cost accounting system. On November 1 , the...
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Question 1. Quadro uses a job order cost accounting system. On November 1 , the company has a balance in Work in Process account of $6,000 and two jobs in process: Job No. Y11, \$2,100 and Job No. Y12, $3,900. During November, a summary of source documents reveals the following: Quadro applies manufacturing overhead costs to jobs at an overhead rate of 80% of direct labor cost. Job No. Y11 and Y12 was completed during the month. Required: 1. Determine the cost of Job No. Y11 and the cost of Job No. Y12. 2. What is the balance of Work in Process account at November 30 ? 3. If Sandro incurred $9,000 of manufacturing overhead costs, was overhead over-or underapplied in November and by how much
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Question 1. Quadro uses a job order cost accounting system. On November 1 , the company has a balance in Work in Process account of $6,000 and two jobs in process: Job No. Y11, \$2,100 and Job No. Y12, $3,900. During November, a summary of source documents reveals the following: Quadro applies manufacturing overhead costs to jobs at an overhead rate of 80% of direct labor cost. Job No. Y11 and Y12 was completed during the month. Required: 1. Determine the cost of Job No. Y11 and the cost of Job No. Y12. 2. What is the balance of Work in Process account at November 30 ? 3. If Sandro incurred $9,000 of manufacturing overhead costs, was overhead over-or underapplied in November and by how much 