Sanchez Company reported the following items on its financial statement for the year ending December 31, 20X1. This is the first year of operations. Sales $865,000 Cost of Goods Sold $612,000 Salary Expense 30,000 Interest Expense 32,000 Dividends 25,000 Income Tax Expense 61,000 What is the ending balance in Retained Earnings for its first year (Beg Balance?

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

Why has the free enterprise system been modified to include some government intervention?

An economic theory that calls for workers to take control of factories is .