(c) (3 points) This part is independent of the above two parts. Consider an existing capacity resource such as a machine whose capacity is measured in hours it can be realistically operated in a year. In some months, the machine is idle for a few hours because of lack of demand. At other times, demand is high and available machine capacity is not enough. In such instances, let us say additional machine hours are purchased from a nearby machine shop to meet the demand. Suppose the company receives a special job that requires some machine time. Briefly answer the following questions. i. In costing this special job, how much would you charge for machine time if the machine is idling? Why? ii. In costing this special job, how much would you charge for machine time if the machine is being fully utilized? Why? iii. Most companies allocate fixed costs to products and jobs using some allocation basis such as machine hours (as you have seen in the class). Would you use this method to cost the special job? Why or why not?