Rice industries owns a manufacturing plant in a foreign country. political unrest in the country indicates that rice should investigate for possible impairment. below is information related to the plant's assets ($ in millions): book value $ 195 undiscounted sum of future estimated cash flows 211 present value of future cash flows 176 fair value less cost to sell (determined by appraisal) 182 the amount of impairment loss that rice should recognize according to u. s. gaap and ifrs, respectively, is: u. s. gaap ifrs a. $ 13 million $ 13 million b. $ 19 million $ 19 million c. $ 0 $ 13 million d. there is no impairment under both u. s. gaap and ifrs.

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.