Tyrell company issued callable bonds with a par value of $18,000. the call option requires tyrell to pay a call premium of $500 plus par (or a total of $18,500) to bondholders to retire the bonds. on july 1, tyrell exercises the call option. the call option is exercised after the semiannual interest is paid the day before on june 30. record the entry to retire the bonds under each separate situation.

1. the bonds have a carrying value of $37,500.

2. the bonds have a carrying value of $49.000.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.