The following financial information is available for swifty corporation. (in millions) 2022 2021 average common stockholders’ equity $3,000 $3,100 dividends declared for common stockholders 300 689 dividends declared for preferred stockholders 30 30 net income 600 650 calculate the payout ratio and return on common stockholders’ equity for 2022 and 2021

Depasquale corporation is working on its direct labor budget for the next two months. each unit of output requires 0.61 direct labor-hours. the direct labor rate is $8.70 per direct labor-hour. the production budget calls for producing 6,700 units in may and 7,100 units in june. if the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?