he following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,453 Accounts Receivable 2,465 Prepaid Expenses 688 Equipment 13,439 Accumulated Depreciation 5,477 Accounts Payable 1,481 Notes Payable 5,143 Common Stock 1,000 Retained Earnings 8,696 Dividends 688 Fees Earned 6,972 Wages Expense 3,443 Rent Expense 819 Utilities Expense 426 Depreciation Expense 238 Miscellaneous Expense 110 Totals 28,769 28,769 Determine the retained earnings ending balance. a.$9,696 b.$9,944 c.$28,769 d.$1,936

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.