ASAP

As soon as possible

The following data has been collected for use in analyzing the behaviour of maintenance costs of Acme Corporation: Month January February March April May June July Maintenance Costs $166,000 180,000 200,000 240,000 335,000 285,000 270,000 Machine Hours 8,000 10,000 15,000 19,000 26,000 23,500 22,000 Using the high-low method to separate the maintenance costs into their variable and fixed cost components, these components are O a. $9.39 per hour plus $90,888.89 O b. $8.64 per hour plus $90,889.0 O c. $9.39 per hour plus $110,418.0 Od $8.64 per hour plus $110,418.0 Formula Company applies overhead on the basis of machine hours. Given the following data, calculate overhead applied and the under- or over-application of overhead for the period: Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $525,000 $500,000 93,000 89,500 O a. $404,194.0 applied and $95,806.0 over-applied O b. $404,194.0 applied and $95,806.0 under-applied O c. $505,242.0 applied and $5,242.0 over-applied O d. $505,242.0 applied and $5,242.0 under-applied The following data may be used: Work in process, January 1 8,000 Work in process, December 31 6,000 Finished goods, January 1 17,000 Finished goods, December 31 22,000 Direct labour 216,000 Factory utilities 80,000 Indirect labour 17,000 Factory depreciation 150,000 Selling and administrative expenses 300,000 Assume cost of goods manufactured is $1,120,000. The cost of goods sold is O a. $1,137,000. O b. $1,120,000 c. $1,115,000. O d. $1,098,000. The following data may be used : Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Direct labour Factory utilities Indirect labour Factory depreciation Selling and administrative expenses 8,000 6,000 17,000 22,000 216,000 80,000 17,000 150,000 300,000 Assume direct materials used is $500,000. Total manufacturing costs equal O a $963,000 O b. $967,000. Oc. $959,000 O d. $1,263,000