8) Ragtime Company had the following information for the year:
Direct materials used
Direct labor incurred (5,000 hours)
Actual manufacturing overhead incurred
$110,000
$150,000
$166,000
8)
POH=$35
Applied MOH = POH X OL
35 × 5,000 = $175,000
Ragtime Company used a predetermined overhead rate of $35 per direct labor hour for th
Assume the only inventory balance is an ending Work in Process Inventory balance of
$17,000. What was cost of goods manufactured?
A) $260,000
B) $418,000
2
C) $435,000
D) $426,000