On January 1, 2016, Bailey, Inc. had 84,810 shares of common stock outstanding. The following transactions occurred during 2016: April 1: Reacquired 18,000 shares, accounted for as treasury stock. June 30: Sold all the treasury shares. October 1: Sold 30,000 new shares for cash. December 31 Reported a net income of $221,062. Calculate Bailey's basic earnings per share for the year ended December 31, 2016. (Round your answer to 2 decimal places.)

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800