Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $18 per share.
February 6 Issues 1,300 shares of 7% preferred stock for $13 per share.
September 10 Purchases 12,000 shares of its own common stock for $23 per share.
December 15 Resells 6,000 shares of treasury stock at $28 per share.
In its first year of operations, Finishing Touches has net income of $143,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $910 on all preferred shares outstanding.
Required:
Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

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