18. Refer to Richards Company. Cost of Goods Sold was a. 691 b. 716 c. 736 d. 801 T1 Thibodeaux Tailors has gathered information on utility costs for the past year. The controller has decided that utilities are a function of the hours worked during the month. The following information is available and representative of the company's utility costs: 19. If 1,425 hours are worked in a month, total utility cost firounded to the nearest dollar) using the high-low method should be a. 947 b. 954 c. 959 d. 976 20.Welch Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur? A. 1,150,000 B. 1,190,000 C. 1,200,000 D. 1,210,000 Machine Master, Inc. had the following data regarding monthly power costs: 21.Assume that management expects 500 machine hours in May. Using the high-low method, calculate May's power cost using machine hours as the basis for prediction. a. 700