Which of the following best describes the purpose of an initial public offering
(IPO)?
O
A. To raise money to fund a company's activities
O
B. To prevent the company from being taken over
O
c. To give investors a say in the membership of the board of
directors
O
D. To allow the government to regulate the company's activities

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40