On october 10, the stockholders’ equity of sherman systems appears as follows. common stock–$10 par value, 86,000 shares authorized, issued, and outstanding $ 860,000 paid-in capital in excess of par value, common stock 286,000 retained earnings 976,000 total stockholders’ equity $ 2,122,000

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o