Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $450,000 and liabilities of $125,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31 of the current year. b. Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $65,000 and liabilities increased by $35,000 during the year.

Boston Products has a production budget as follows: May, 19,000 units; June, 22,000 units; and July, 27,000 units. Each unit requires 2.5 labor hours at $10 per hour. What would be the budgeted direct labor cost for June?

Boston Products has a production budget as follows: May, 19,000 units; June, 22,000 units; and July, 27,000 units. Each unit requires 2.5 labor hours at $10 per hour. What would be the budgeted direct labor cost for June? I'm waiting for Answer

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ITS GENERAL ACCOUNT

The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable. b. $7,320 favorable. c. $23,000 favorable. d. $15,680 favorable.

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Dillard Company starts the year with $10,000 in its cash account, $10,000 in its equipment account, $2,000 in accumulated depreciation, and $18,000 in its retained earnings account. During the year Dillard sells the equipment for $8,570. After the sale of equipment is recorded, the retained earnings account will have a balance of $_.