1. ABC Company manufactures electric saws. Based on past experience, ABC has found that its total overhead cost can be represented by the following formula: Total overhead cost = $50,000 + $2.00x, where x = number of machine hours. Last year ABC incurred 100,000 machine hours.

Required: A. What was the total overhead cost incurred by ABC last year? B. What was the total variable overhead cost incurred by ABC last year? C. What was the total overhead cost per machine hour last year? D. What was the fixed overhead cost per machine hour last year? E. If ABC incurs 120,000