On October 5, 2019, you purchase a $14,000 T-note that matures on August 15, 2031 (settlement occurs two days after purchase, so you receive actual ownership of the bond on October 7, 2019). The coupon rate on the T-note is 4.
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Slick Heating Company has $492,000 in direct labor expense, $318,000 in direct material expense, $24,000 in factory rent, and $98,000 in production supervisory overhead. What will be the total product cost under activity-based costing?
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