Question
Direct materials used $117,300 Direct labor incurred (5,700 hours) $153,100 Actual manufacturing overhead incurred $166,100 Ragtime Company used a predetermined overhead rate of $36 per
Direct materials used $117,300
Direct labor incurred (5,700 hours) $153,100
Actual manufacturing overhead incurred $166,100
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. $437,200
b. $445,700
c. $271,500
d. $455,600
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
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