Reference no: EM133027258

Question - On June 1, 2019 Adelphi Corporation issued $300,000 of 6%, 10-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).

Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $265,000 and direct labor hours of 8,000. During the month of February 2021, actual direct labor hours of 9,700 were incurred. Use this information to determine the amount of factory overhead that was applied in February. Round answer to the nearest whole number (no cents).

On December 31, 2020, Adelphi Corporation has outstanding 1,000 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 5,000 shares of $10 par value common stock. Preferred dividends were paid in 2018 but were not paid in 2019. During 2020, Alpha distributed $35,000 in dividends. Use this information to determine for 2020 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent.

On March 21, 2021, Christine worked 6.5 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $17 per hour. Overhead is applied based on $21 per direct labor hour. Additionally, on March 21 Job A-1 requisitioned and entered into production $150 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? Round your answer to the closest whole number (no cents).