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Calculate the amount of bond discount or premium

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Q1. On June 1, 2019 Adelphi Corporation issued $300,000 of 6%, 5-year bonds. The bonds which were issued at 97, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. Enter as a whole number (no cents).

Q2. On March 21, 2021, Christine worked 6.0 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $17 per hour. Overhead is applied based on $22 per direct labor hour. Additionally, on March 21 Job A-1 requisitioned and entered into production $100 of direct material. On March 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on March 21?

Reference no: EM133079131

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