HUD, Co. had a beginning retained earnings of $28,070. For the year, the company had net income of $4,965 and paid dividends of $1,695. The company also issued $3,145 in new stock during the year. What is the ending retained earnings balance?

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection