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
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F64364838-c081-4eb5-aa9c-21241429108d%2F4aca6136-f57c-4278-8f98-becb154326cc%2Fa29a5jr_processed.jpeg&w=3840&q=75)
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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