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bearhunter [10]
3 years ago
7

Common stock with a total par value of $50,000 (par value of $0.50 per share) have been issued, and 5,000 shares of treasury sto

ck with a total cost of $25,000 have been repurchased. How many total shares are outstanding
Business
1 answer:
Wittaler [7]3 years ago
4 0

Answer: 95000 shares

Explanation:

The total shares that are outstanding will be calculated as the difference between the total shares issued and the treasury Share purchased.

The number of shares issued will be calculated as:

= 50000/0.50

= 100000 Shares

Therefore, the total shares that are outstanding will be:

= 100000 shares - 5000 shares

= 95000 shares

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Lego Company has used the FIFO method since it began operations in 2023. Lego changed to the weighted average method in 2026. Th
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A marketing manager who orders that a successful product be removed from the market after a customer dies from consuming it may
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3 years ago
"a pedestrian initiated a tort action in state a federal court against a driver for personal injuries he sustained from a collis
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1 year ago
Chhom corporation makes a product whose direct labor standards are 0.8 hours per unit and $34 per hour. In November the company
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Answer:

$17,000 Favorable

Explanation:

Provided information, we have

Standard hours for each unit = 0.8 hours

Standard Rate per hour = $34

Actual quantity produced = 7,650 units

Actual labor hours used = 5,620

Actual rate per hour = $118,020/5,620 = $21 per hour

Standard hours for Actual output = 7,650 \times 0.8 = 6,120 hours

Labor Efficiency Variance = (Standard Hours - Actual Hours) \times Standard labor rate per hour

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As the amount is positive and actual hours used is less than standard hours the variance is favorable.

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