Franklin Street Manufacturing Franklin Street Manufacturing has the following cost information available for 2011 Direct materials used Direct labor costs Factory overhead Marketing expenses $10,000 25,000 20,000 4,000 6,000 20,000 units were produced during the year out of which 19,000 units were sold for $io 56. Refer to the Franklin Street Manufacturing information above. What is cost of goods sold for 2011? $55,000 b. $52,250 c $61,750 d $65,000 57. Refer to the Franklin Street Manufacturing information above. Whast is net operating income for 2011? Ignore taxes) a $127,750 b. $137.750 c. $125,000 d. $128,250 Cardinal Cleaners ardinal Cleaners documented the gallons of cleaning solvent it usod as well as total overhead costs for the past five months as follows: Number of gallons 160 150 155 175 170 Total overhcad costs $6,500 6,100 6,700 7,000 6,800 Juhy Angust Novembe 58. Refer to the Candinal Cleaners information above. Using the high/low imethod, wbat is the variable cost pet unit? $25.00 b. $0.03 c. $900.00 d. $36.00 59. Refer to the Cardinal Cleaners information above. Using the high/low method, what is equation to predict total overhead costs? Y-$700+536x e Y $175+541x d. Y-$100+$40