Question
Assist please? Thanks! (Managerial Accounting) Ragtime Company had the following information for the year: Direct materials used $117,700 Direct labor incurred (5,100 hours) $153,800 Actual
| Assist please? Thanks! (Managerial Accounting)
Ragtime Company had the following information for the year: |
| Direct materials used | $117,700 |
| Direct labor incurred (5,100 hours) | $153,800 |
| Actual manufacturing overhead incurred | $174,200 |
| Ragtime Company used a predetermined overhead rate of $36 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,900. What was cost of goods manufactured? |
A. $271,500
B. $445,700
C. $455,600
D. $437,200
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Frauds Of The Past Lessons For The Future A Student Led Journey Through The World Of Auditing
Authors: Dr. Manjari Sharma, Mr. Pragadeesh SP, Mr. Sivanaresh A
1st Edition
B0CGKRP289, 978-6206753247
