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MatroZZZ [7]
3 years ago
11

agtime Company had the following information for the year: Direct materials used $ 116,400 Direct labor incurred (6,050 hours) $

152,000 Actual manufacturing overhead incurred $ 172,200 Ragtime Company used a predetermined overhead rate of $37 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,100. What was cost of goods manufactured?
Business
1 answer:
denpristay [2]3 years ago
7 0

Answer:

666

Explanation:

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3 years ago
Glavine Company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of it
almond37 [142]

Answer:

                                                                                        $

Market value of common stocks   (6,000 x $25)  = 150,000

Market value of preferred stocks (9,000 x   $20) = 180,000

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The correct answer is B

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The market value of the company is the aggregate of market value of common stocks and market value of preferred stocks.The market value of each stock is equal to number of each stock outstanding multiplied by market price per share. Thus, the proceeds allocated to common stock equals the market value of equity divided by market value of the company multiplied by the lump sum.

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