Answer:
$4,228,125
Explanation:
The computation of the included amount is shown below:
= Estimated production in a next year × required direct labor per hour × labor rate per hour
= 75,000 units × 4.1 hours × $13.75 per hour
= $4,228,125
We simply multiplied the estimated production with the required direct labor per hour and the labor rate per hour so that the estimated value can arrive
Answer:
No
Explanation:
Just why- why would you ask this?
Answer:
$85,000
Explanation:
Given that,
Shares sold = 50,000 shares of $3 par common stock for $5
Buys back = 10% of its common shares outstanding for $7 per share
Total equity on December 31 = $300,000
Balance in stockholder's equity without retained earnings:
= Beginning balance in stockholder's equity + Increase in stockholder's equity - Decrease in stockholder's equity
= $0 + (50,000 × $5) - (50,000 × 10% × $7)
= $250,000 - $35,000
= $215,000
Retained earnings on December 31:
= Total equity at December 31 - Balance in stockholder's equity without retained earnings
= $300,000 - $215,000
= $85,000
