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In its job costing system, Pronghorn Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is
In its job costing system, Pronghorn 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, Pronghorn had one job, #150. in process, with DM costs of $3,000 and DL costs of $4,000. 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 $5,000 $2,000 Direct labor $2,500 $6,000 $3,500 Actual MOH cost for the month of August was $27,000. During the month, Pronghorn completed Jobs # 150 and #151. (a) Your answer is incorrect. What was Pronghorn's Cost of Goods Manufactured for the month of August? Cost of goods manufactured $ eTextbook and Media Save for Later Last saved 11 minutes ago. Attempts: 4 of 5 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes.
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