Use the following information for the next 5 questions.
During the period Richeleau produced 1,000 units of product. The flexible budget for standard costs is: 
-The actual cost of direct labor incurred was
Definitions:
Stockholders' Equity
Represents the ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities.
Par Common Stock
The stated face value of a share of common stock, which has no direct impact on its market value.
Total Effect
The overall impact or outcome that results from a particular action or set of circumstances, often used in the context of economic or policy analysis.
Stockholders' Equity
The ownership interest of shareholders in the assets of a company after all debts have been paid off.
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