3) A Manufacturing company uses the cost formula Y = 5,830 + BHD 0.750x for the maintenance cost in Department B, where x is machine-hours. The August budget is based on 15,050 hours of planned machine time. The Maintenance Manager presented the maintenance budget of BHD 26,000. What is your opinion about the said budget? Is the budget correct or not?

4) ABC Corporation reported the following data for the month of January:

Inventories	Beginning	Ending
Raw materials	83,000	45,000
Work in Process	36,000	20,000
Finished Goods	13,000	34,000
Raw Materials Purchases	7,000
Direct Labor Costs	20,350
Manufacturing Overhead	16,809

Required: Prepare Cost of Goods Manufactured Statement