Calculate the ending balance of the Overhead account for November.
Pedro Morales 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:
Koppel $780 $5,510 72
Dupont $400 $6,650 93
Rojas $250 $3,405 49
Direct materials
Auditor labor costs
Auditor hours
Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $63 per auditor hour. The Koppel job is the only incomplete job at the end of November. Actual overhead for the month was $12,950.