Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the test five months of operation. (Use the information below for Q 26 & Q27) Using the high-low method of analysis, the estimated variable cost per machine hour for electricity is closest to? A) $0.40. B) $0.98. C) $1.68. D) $2.50. Use the high-low method of analysis, the estimated fixed cost per month for electricity is closed to? A) $870.00. B) $1, 150.00. C) $1, 290.00. D) $1, 306.50. The following journal entries without dollar data were taken from the accounting records of Case Company. Case company has a job-order costing system and applies overhead to job using a predetermined overhead rate. Work in Process 1. Manufacturing Overhead Wages Payable 2. Salary Expense Wages Payable 3. Manufacturing Overhead Accumulated Amortization 4. Work in Process Raw Materials 5. Work in Process Manufacturing Overhead 6. Manufacturing Overhead Raw Materials 7. Finished Goods Work in Process