Sure, let's go through each part of the question step-by-step and determine the required values.
(a) Determine the cost of each job.
To determine the cost of each job, we add the direct materials, direct labor costs, and the applied overhead costs. We have the job costs given previously. Let's list them clearly:
- Sunland: [tex]$\$[/tex]11,010[tex]$
- Carla Vista: $[/tex]\[tex]$12,000$[/tex]
- Sandhit: [tex]$\$[/tex]6,515[tex]$
(b) Indicate the balance of the Service Contracts in Process account at the end of November.
The balance of the Service Contracts in Process account is the sum of the costs of all jobs, including jobs in process at the end of November. Since the Sunland job is the only incomplete job, we sum the costs of all the jobs:
\[
\text{Service Contracts Balance} = 11,010 + 12,000 + 6,515 = 29,525
\]
(c) Calculate the ending balance of the Operating Overhead account for November.
The Operating Overhead account balance at the end of November is determined by comparing the actual overhead costs and the applied overhead costs. We know:
\[
\text{Actual Overhead} = \$[/tex]13,900
\]
The overhead rate isn't given explicitly here, but we do have the actual overhead and job costs. From the data, we have:
[tex]\[
\text{Total Applied Overhead (Sunland + Carla Vista + Sandhit)} = 11,010 + 12,000 + 6,515 = 29,525
\][/tex]
To find the ending balance of the Operating Overhead account, we subtract the total applied overhead from the actual overhead:
[tex]\[
\text{Operating Overhead Balance} = \text{Actual Overhead} - \text{Total Applied Overhead}
\][/tex]
[tex]\[
\text{Operating Overhead Balance} = 13,900 - 29,525 = -15,625
\][/tex]
So, the ending balance of the Operating Overhead account for November is [tex]\(-\$15,625\)[/tex].
Summarizing the answers:
- The balance of the Service Contracts in Process account at the end of November is [tex]\( \$29,525 \)[/tex].
- The ending balance of the Operating Overhead account is [tex]\(-\$15,625\)[/tex].
