The owners' equity accounts for Southern Lights International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owners' equity New shares issued Common stock Capital surplus Retained earnings $ 46,000 Total owners' equity $ If the company's stock currently sells for $20 per share and a 15 percent stock a-1. dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) 380,000 New shares issued 828,120 a-2. Show the new equity account values. (Do not round intermediate calculations.) 1,254,120 b-1. If instead the company declared a 20 percent stock dividend, how many new shares will be distributed? (Do not round intermediate calculations.)

The owners' equity accounts for Southern Lights internationat are shown here: If the company's stock currently selis for $20 per share and a is percent stock a-1. dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) a-2. Show the new equity account values (Do not round intermediate calculations.) b. 1. If instead the company declared a 20 percent stock dividend, how many new shares Wil be distributed? (Do not round intermediate calculations.) John Fleming. chief administrator for Val ley View Hospital, is concerned about the costs for tests in the hospital's lab. Charges for lab tests are consistently higher at Valley View than at other hospitals and have resulted in many complaints. Also, because of strict regulations on amounts reimbursed for lab tests. payments received from insurance companies and governmental units have not been high enough to cover lab costs Mr. Fleming has asked you to evaluate costs in the hospital's lab for the past month. The following information is avaitable: a Two types of tests are performed in the lab-blood tests and smears. During the past month, 200 blood tests and 2,000 smears were performed in the lab. D. Small glass plates are used in both types of tests. During the past month, the hospital purchased 10,000 plates at a cost of $32,900. 1,000 of these plates were unused at the end of the month, no plates were on hand at the beginning of the month. c. During the past month, 1,000 hours of labor time were recorded in the lab at a cost of $10,300 d. The lab's variable ovethead cost last month totaled \$6,600. Valley View Hospital has never used standard costs By searching industry literature, however you have determined the following nationwide averages for hospital labs Piates: Three plates are required per lab test. These plates cost $3.50 each and are disposed of after the test is completed. Labor. Eoch blood test should require 0.6 hours to complete, and each smear should require 0.30 hours to complete. The average cost of this lab time is $1100 per hour. Overhead Overhead cost is based on direct labor-hours. The average rote for variable overhead is $610 per hour. Required: 1. Compute a materials price variance for the plates purchased iast month and a materials quantity variance for the plates used last montis 2. For labor cost in the lab a. Compute a labor rate variance and a labor efficiency variance. b. In most hospitals, one-haif of the workers in the lab are senior technicians and one-haif are assistants. In an effort to reduce costs, Valiey View Hospital employs only one-fourth senior technicians and three-fourths assistants. Would you recommend that this policy be continued? 3-a. Compute the variable overhead rate and efficiency variances 3-b. is there ony relation between the variable overhead efficiency variance and the labor efficiency variance