In its job costing system, Cheyenne 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, Cheyenne had one job, #150, in process, with DM costs of $3,800 and DL costs of $4,800.

During August, direct material and direct labor costs were added to Job #150, as well as new Jobs #151 and #152, as follows.

		Job #150		Job #151		Job #152
Direct materials		0		$5,800		$2,800
Direct labor		$3,300		$6,800		$4,300

Actual MOH cost for the month of August was $32,600. During the month, Cheyenne completed Jobs #150 and #151.

  

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What was Cheyenne's Cost of Goods Manufactured for the month of August? What was Cheyenne's Cost of Goods Manufactured for the month of August?

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The cost of goods manufactured COGM is the cost of the goods that were completed du... View the full answer