Fountain Co. is constructing an office building for its own use. Fountain started the two-year construction project on April 1, Year 1, at which point the interest capitalization period began. Fountain made the following payments in Year 1 related to the construction of the building April1 Payment to architect for building plans $ 30,000 July1 Progress payment to contractor 60,000 October 1. Progress payment to contractor 150,000 For the purpose of capitalizing interest, what is Fountain’s weighted average accumulated expenditures for the year ended December 31, Year 17

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.