Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,900 Salaries expense 1,950 Accounts payable 2,900 Retained earnings 3,950 Utilities expense 1,000 Supplies 13,300 Service revenue 8,800 Common
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Beech Company produced and sold 107,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,270,000; variable costs, $835,000; and fixed costs, $220,000.
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