On january 1, 2021, tiny tim industries had outstanding $1,000,000 of 9% bonds with a book value of $970,500. the indenture specified a call price of $987,000. the bonds were issued previously at a price to yield 11% and interest payable semi-annually on july 1 and january 1. tiny tim called the bonds (retired them) on july 1, 2021. what is the amount of the loss on early extinguishment?

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?