23. The data below relates to Tecumseh Company for January and February of the current year Maintenance hours Maintenance cost January 4000 $72,000 February 5,000 $80,000 January and February were the lowest and highest activity levels respectively and Tecumseh uses the high-low method to analyze cost behaviour. Which of the following statement is true? A. The variable maintenance cost is $18 per hour B. The variable maintenance cost is $16 per hour. C. The variable maintenance costs is $17 per hour. D. The fixed maintenance cost is $20,000 per month E. The fixed maintenance cost is $40,000 per month 24. Consider the following statements concerning ABM (activity-based management) and ABC (activity-based costing) i. ABM is an alternative to ABC i. ABC cannot be used by the services industry iii. ABC is used in conjunction with ABM iv-The use of ABC results in less 'cost averaging, ofoverheads in diversified activities compared to the use of traditional, volume-based costing systems Which of the above statements is (are) true? A iii and iv only B. ii and iii only C. iv only D, ill only E. ionly Birch Company has $12,000 at June 1. The company also anticipates $30,000 in cash receipts and $34,500 in cash disbursements for the month of June. Birch Company has a policy of maintaining a cash balance of S10,000 at the end of each month. The company also has an agreement with its bank to borrow or repay funds necessary to maintain the required ending balance. As of May 31, the company owes $15,000 to the bank. What is the ending balance of the loan on June 30? 25. A. $7,500 B. $12,500 C. $17.500 D. $19,500 E. $25,000