Tamarisk company is constructing a building. construction began on february 1 and was completed on december 31. expenditures were $4,140,000 on march 1, $2,760,000 on june 1, and $6,900,000 on december 31.tamarisk company borrowed $2,300,000 on march 1 on a 5-year, 12% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $4,600,000 note payable and an 11%, 4-year, $8,050,000 note payable. compute avoidable interest for tamarisk company. use the weighted-average interest rate for interest capitalization purposes. (round "weighted-average interest rate" to 4 decimal places, e. g. 2.5125 and final answer to 0 decimal places, e. g. 5,275.)avoidable interest $=

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.