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Ragtime Company had the following information for the year Direct materials used Direct Labor incurred (5,eee hours) Actual manufacturing overhead incurred $11e, eee $15e,eee $166,eee agtime Company used a predetermined overhead rate of $35 per direct labor hour for the year. Assume the only inventory lance is an ending Work in Process inventory balance of $17000 What was cost of goods manufactured? Multiple Choice $435.000 $418 000 $426000 Cottonwood, Inc. produces two different products (Standard and Luxury) using two different activities: Machining, which uses machine hours as an activity driver and inspection, which uses number of batches as an activity driver. The cost of Machining is $264,000, while the cost of inspection is $43,000. Standard uses 27% of total machine hours and 40% of total batches. What is the total activity cost assigned to standard