Question: Tried to do but not getting it correct? In its job costing system, Riverbed Co. applies MOH to jobs using a budgeted MOH rate based

Tried to do but not getting it correct?

Tried to do but not getting it correct? In its
In its job costing system, Riverbed 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, Riverbed had one job, #150, in process, with DM costs of $2,900 and DL costs of $3,900. 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 $4,900 $1,900 Direct labor $2,400 $5,900 $3,400 Actual MOH cost for the month of August was $26,300. During the month, Riverbed completed Jobs #150 and #151. (a) X Your answer is incorrect. What was Riverbed's Cost of Goods Manufactured for the month of August? Cost of goods manufactured 36600 eTextbook and Media Save for Later Attempts: 2 of 3 used Submit Answer (b)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!