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Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,150 hours) Actual manufacturing overhead incurred $115, 300 $159,900 $175,
Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,150 hours) Actual manufacturing overhead incurred $115, 300 $159,900 $175, 400 Ragtime Company used a predetermined overhead rate of $43 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,200. What was cost of goods manufactured? Multiple Choice $459,800 $450,600 O $275,200 O O $479,450
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