The following information is provided for the year: actual direct labor hours worked 36,000 budgeted overhead $300,000 budgeted direct labor hours 30,000 actual overhead costs incurred $360,000 if normal costing is used, the amount of overhead applied for the year is:
group of answer choices

a. $299,880
b. $300,000
c. $380,000
d. $360,000

Taking commercial paper means the holder acts honestly

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: