Excerpt from Areojet Corporation records for month of February: Per Unit Per Month
Selling price $ 200,000
Direct materials used in production 40,000
Direct labor 10,000
Variable manufacturing overhead 2,000
Fixed manufacturing overhead $ 120,000
Variable selling and administrative expenses 20,000
Fixed selling and administrative expenses 40,000
February
Beginning Inventory 0
Units Produced 3
Units Sold 3
Ending inventory 0
Assuming the absorption costing method is used, what is the total manufacturing costs added to work in process during the month of February?
a) $52,000
b) $92,000
c) $87,000
d) $122,000

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.

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.

Which of the following is considered part of a country’s infrastructure?