The following information is available from Ram Corporation's accounting records for the year ended December 31, 2011:
Net cash flow provided by operating activities for 2011 was
Definitions:
Direct Labor-Hours
A measure of the actual labor time spent on producing goods, often used to allocate manufacturing overhead to products.
Plantwide Predetermined Rate
A single overhead absorption rate calculated for an entire manufacturing plant, used to allocate manufacturing overhead to individual products.
Machine-Hours
A measure of production time, indicated by the number of hours machines are operating in the manufacturing process.
Manufacturing Cost
The total cost incurred by a company to produce goods, including raw materials, labor, and overhead.
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