Tim’s manufacturing manufactures and sells sofas and futons. the following data was reported by the managerial accountant. the company can manufacture 2 sofas per machine hour and 1 futon per machine hour. the company’s production capacity is 700 machine hours per month. what is the contribution margin per machine hour for the sofas?

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?