Assume (1) actual machine-hours worked during the period of 54,000 hours, (2) manufacturing overhead applied to production during the period of $432.000, (3) estimated fixed manufacturing overhead of $330,000, and (4) estimated variable manufacturing overhead cost per machine.hour of $200. The estimated amount of the allocation base (machine hours) is closest to: Muitiple Choice 53,000 56.000 55.000 57,000 Assume a merchandising company uses the highi-low method to separate any mbed costs into their variable and fixed elements, it provided the following income statements: What is the estimated net operating income if the compony sells 4,980 units? What is the estimated net operating income if the company selts 4.980 units? Multiple Choice $24.830 520060 519,850 320.270