The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $57,775 on January 1, 2019, and $50,725 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts
401 Sales $ 243,600 Cr.
451 Sales Returns and Allowances 4,150 Dr.
491 Miscellaneous Income 200 Cr.
501 Purchases 101,600 Dr.
502 Freight In 1,775 Dr.
503 Purchases Returns and Allowances 3,400 Cr.
504 Purchases Discounts 1,600 Cr.
611 Salaries Expense—Sales 43,300 Dr.
614 Store Supplies Expense 2,110 Dr.
617 Depreciation Expense—Store Equipment 1,310 Dr.
631 Rent Expense 11,500 Dr.
634 Utilities Expense 2,800 Dr.
637 Salaries Expense—Office 19,100 Dr.
640 Payroll Taxes Expense 4,000 Dr.
643 Depreciation Expense—Office Equipment 370 Dr.
646 Uncollectible Accounts Expense 520 Dr.
691 Interest Expense 340 Dr.
The worksheet of Bridget's Office Supplies contains the following owner’s equity accounts. No additional investments were made during the period.
Accounts
301 Bridget Swanson, Capital $
61,760
Cr.
302 Bridget Swanson, Drawing
41,200
Dr.
Net income for the year $48,875.
Prepare a statement of owner's equity for the year ended December 31, 2019.
BRIDGET'S OFFICE SUPPLIES
Statement of Owner's Equity
$0
$0

Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery