Cross dishware manufactures a custom line of pottery. the company uses a job-order costing system. during june, the following costs were incurred on job cd4340: direct materials $3,500 and direct labor $6,400. in addition, there was $2,500 of selling and shipping costs incurred on the job. the manager applied manufacturing overhead at the rate of $32 per direct labor-hour and job cd4340 required 100 direct labor-hours. if job cd4340 consisted of 1,000 pieces of pottery, the cost of goods sold per piece was

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.