Dig-It Corporation manufactured 25,000 shovels during March. The fixed-overhead cost allocation rate is $10.00 per machine-hour. The following fixed overhead data pertain to March:

	Actual	Static Budget
Production	25,000 units	24,000 units
Machine-hours	12,200 hours	12,000 hours
Fixed overhead costs for March	$124,440	$120,000

REQUIRED:

Choose to solve this question using either the Template Chart method (Method 1) in the provided Excel spreadsheet and answer the multichoice questions. Attach the final spreadsheet to the exam (you only need to attach the final spreadsheet to one of the questions that allows you to attach a file such as this question).

OR... choose the Formula Method (Method 2) and show your calculations in the space provided below and then answer the multichoice questions. If you are using the Formula Method, make sure to identify the multi-choice question number when displaying the work. If there is no calculation for a question, explain why.