On january 1, 2018, doctors credit union (dcu) issued 7%, 20-year bonds payable with face value of $200,000. the bonds pay interest on june 30 and december 31.requirements1. if the market interest rate is 5% when dcu issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? explain.2. if the market interest rate is 8% when dcu issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? explain.3. the issue price of the bonds is 93. journalize the following bond transactions: a. issuance of the bonds on january 1, 2018.b. payment of interest and amortization on june 30, 2018.c. payment of interest and amortization on december 31, 2018.d. retirement of the bond at maturity on december 31, 2037, assuming the last interest payment has already been recorded.

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.