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In its job costing system, Blue Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is 200% of DL dollars, was calculated last December and will be used throughout the current year. On August 1, Blue had one job, #150, in process, with DM costs of $4,300 and DL costs of $5.300. During August, direct material and direct labor costs were added to Job # 150, as well as new Jobs # 151 and #152, as follows. Direct materials Direct labor Job #150 0 $3,800 Job #151 $6,300 $7,300 Job #152 $3,300 $4,800

In its job costing system, Blue Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is 200% of DL dollars, was calculated last December and will be used throughout the current year. On August 1, Blue had one job, #150, in process, with DM costs of $4,300 and DL costs of $5.300. During August, direct material and direct labor costs were added to Job # 150, as well as new Jobs # 151 and #152, as follows. Direct materials Direct labor Job #150 0 $3,800 Job #151 $6,300 $7,300 Job #152 $3,300 $4,800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In its job costing system, Blue Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is 200% of DL dollars, was calculated last December and will be used throughout the current year. On August 1, Blue had one job. #150, in process, with DM costs of $4,300 and DL costs of $5.300. During August, direct material and direct labor costs were added to Job # 150. as well as new Jobs #151 and #152, as follows. Direct materials Direct labor Job #150 0 $3,800 Job #151 $6,300 $7,300 Job #152 $3,300 Cost of goods manufactured $ $4,800 Actual MOH cost for the month of August was $36,100, During the month, Blue completed Jobs # 150 and # 151. What was Blue's Cost of Goods Manufactured for the month of August?
Transcribed Image Text:In its job costing system, Blue Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is 200% of DL dollars, was calculated last December and will be used throughout the current year. On August 1, Blue had one job. #150, in process, with DM costs of $4,300 and DL costs of $5.300. During August, direct material and direct labor costs were added to Job # 150. as well as new Jobs #151 and #152, as follows. Direct materials Direct labor Job #150 0 $3,800 Job #151 $6,300 $7,300 Job #152 $3,300 Cost of goods manufactured $ $4,800 Actual MOH cost for the month of August was $36,100, During the month, Blue completed Jobs # 150 and # 151. What was Blue's Cost of Goods Manufactured for the month of August?
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