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Value of the ending inventory under variable costing would be?

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Portland Waxworks budgeted production of 46,000 wax lanterns for the year. Each lantern requires dipping. Assume that 12 minutes are required to dip each lantern. If dipping labor costs $14.50 per hour, determine the direct labor cost budget for the year.

Suppose the required reserve ratio is 0.20 and individuals hold no cash. Total bank deposits are $150 million, and the banks hold $40 million in reserves. How much more money can the bank create if it does not hold excess reserves?

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On January 1, 2025, Wages Payable was $47,000. Wages Expenses for 2025 totaled $453,000. The ending balance of Wages Payable was $59,000. What is the amount of cash paid for wages in 2025?

Paxwell Industries uses a standard costing system that allows 3 pounds of direct materials for one finished unit. During November, the company purchased 50,000 pounds of direct materials for $275,000 and manufactured 15,000 finished units. The standard direct materials cost allowed for the units manufactured is $180,000. The performance report shows that Paxwell has an unfavorable direct materials usage variance of $6,000. Also, the company records any price variance for materials at the time of purchase. What was the number of pounds of direct materials used to produce November's output?

Kendrick Manufacturing Corp. (KMC) has total assets of $600 million, $80 million of which are cash. It has total debt of $250 million. If KMC repurchases $30 million of its stock, what changes will occur on its balance sheet? What will its new leverage ratio be? Please provide the accurate answer to this financial accounting problem using valid techniques.