Brite corp. had the following liabilities at december 31, year 6: accounts payable $ 55,000 unsecured notes, 8%, due 7/1/year 7 400,000 accrued expenses 35,000 contingent liability 450,000 deferred income tax liability 25,000 senior bonds, 7%, due 3/31/year 7 1,000,000 the contingent liability is an accrual for possible losses on a $1 million lawsuit filed against brite. brite’s legal counsel expects the suit to be settled in year 8 and has estimated that brite will be liable for damages in the range of $450,000 to $750,000. the deferred income tax liability is not related to an asset for financial reporting and is expected to reverse in year 8. what amount should brite report in its december 31, year 6, balance sheet for current liabilities?

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?