Answer and Explanation:
The preparation of the statement of stockholder equity should be presented below:
<u>Statement of stockholders' equity
</u>
<u>For the year ended December 31, 20Y7
</u>
<u>Particulars Common Stock Retained Earnings Total
</u>
<u>Beginning balance, </u>
January 1 40000 815500 855500
Add: Net income 0 67250 67250
Less: Dividends paid 0 -10000 -10000
Ending balance,
December 31 40000 872750 912750
650.
Whenever we credit or debit a transaction, it is ALWAYS in equal amounts. It does not matter whether the revenue is not yet received, as accounting is governed by the accrual concept.
Answer:
$800 favorable
Explanation:
Calculation to determine what the total direct labor variance is
Using this formula
Total Direct Labor Variance=(Standard Direct Labor Cost - Actual Direct Labor Cost
Let plug in the formula
Total Direct Labor Variance=[(2800 × 2) × $15]- $83200
Total Direct Labor Variance=$84000 - $83200
Total Direct Labor Variance = $800 favorable
Therefore the total direct labor variance is$800 favorable
Answer:
c. $ 760,000
Explanation:
For computing the cost of goods manufactured, we have to use the formula which is shown below:
Cost of goods manufactured= Beginning work in process + manufacturing cost - ending work in process
= $125,000 + $835,000 - $200,000
= $760,000
Beginning work in process + manufacturing cost is called total work in process for a given period
There are 52 weeks in a year right.
So in three years there are 156 weeks.
Now we are gonna multiply the saving amount per week, $62.50 by the 156 weeks.
$62.50 x 156 = $9,750
This is the amount that you put in your saving in three years.