Chapter 3.1, Problem 3AYU

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I need assistance with this financial accounting problem using appropriate calculation techniques.

Please show me the valid approach to solving this financial accounting problem with correct methods.

What is its average inventory?

A company has a net income of $645,000 and 43,000 outstanding shares. What is the earnings per share?

In a certain standard costing system, the following results occurred last period: total labor variance, 2800 F; labor efficiency variance, 3,700 F; and the actual labor rate was $0.45 more per hour than the standard labor rate.The number of direct labor hours used last period was __.

Accounting to the standard cost card, each helmet should require 0.55 kilograms of plastic at a cost of $6.80 per kilogram.

Can you help me solve this general accounting problem using the correct accounting process?

Accounting Question correct option