On april 1, fisher corporation borrowed $400,000 from its bank by signing a 9%, 5-year note payable. the note calls for 60 monthly payments of $6,150, which includes both interest and principal components. a. interest expense budgeted for april amounts to: $ b. the carrying value of the note to be reported in the company's budgeted balance sheet as of april 30 is: $ c. interest expense budgeted for may amounts to (round to nearest whole dollar): $ d. the carrying value of the note to be reported in the company's budgeted balance sheet as of may 31 is (round to nearest whole dollar): $ essay

Exercise 6-2 variable costing income statement; explanation of difference in net operating income [lo6-2] ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $970. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 200 units sold 180 units in ending inventory 20 variable costs per unit: direct materials $ 130 direct labor $ 300 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 63,000 fixed selling and administrative $ 25,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 174,600 cost of goods sold 139,500 gross margin 35,100 selling and administrative expense 27,700 net operating income $ 7,400 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing.