Aspen Technologies has the following budget data: Estimated direct labor hours 10,400 Estimated direct labor dollars $63,700 Estimated factory overhead costs $156,600 If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is a.$12.05 b.$22.59 c.$18.07 d.$15.06

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: