1.

Laudermilk produces dairy equipment. Most of its jobs have a number of units per job. The company has two different departments through which all jobs pass. Overhead is applied using a plantwide rate of $15 per direct labor hour. Direct labor wages average $10 an hour. Data for Job #3 for the year is:

Direct materials	$60,000
Direct labor costs
Dept. A	80,000
Dept. B	20,000
Machine hours used
Dept. A	200
Dept. B	2,400
Units produced	40,000

Compute the total cost of Job #3.

Note. Enter numbers only-- do not use a dollar sign ($) or comma.

2. Sally Corp. borrowed $360,000 from County Bank on January 1, 2020 signing a 15 year note payable. The loan has an annual interest rate of 4% and a fixed annual payment of $32,379. Annual payments begin January 1, 2021. What amount of the payment made on January 1, 2022 will be interest expense?

Round your answer to the dollar.

3. Susan Corp wants to pay dividends to their investors . On July 23, 2021, the company publicly announces that the company is going to pay the dividend to investors on record as of September 1, 2021. The dividend will be paid to investors on September 10, 2021.

On what date will Susan Corp reduce retained earnings for these dividends?

Group of answer choices

July 23

September 1

September 10

December 31

Retained earnings is not reduced by dividends.