Ragtime company had the following information for the year: direct materials used $ 110,000direct labor incurred (5,000 hours) $ 150,000actual manufacturing overhead incurred $ 166,000ragtime company used a predetermined overhead rate of $35 per direct labor hour for the year. assume the only inventory balance is an ending work in process inventory balance of $17,000. what was cost of goods manufactured?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.