FuelSource Co. (FuelSource) is a U. S. subsidiary of a U. K. entity that prepares its financial statements in accordance with (1) IFRS in reporting to its parent and (2) U. S. GAAP in reporting to its U. S.-based lender. FuelSource also operates in the oil industry and its operations sometimes result in soil contamination. FuelSource operates in Dirty Country, where there is no environmental legislation. FuelSource has recently contaminated land as a result of its operations in Dirty Country. FuelSource has a widely published environmental policy in which it remediates contamination that it causes. FuelSource has a record of honoring this published policy. The U. K. parent similarly has a widely published environmental policy in which it remediates all contamination it causes and has a record of honoring this published policy. Required: Should FuelSource recognize a provision for cleanup costs it may incur in Dirty Country (1) in reporting to its U. K. parent under IFRS and (2) in reporting to its U. S.-based lender in accordance with U. S. GAAP

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?