Jillian Inc. produces leather handbags. The production budget for the next four months is: July 5,800 units, August 7,700, September 8,000, October 8,900. Each handbag requires 1.9 hours of unskilled labor (paid $10 per hour) and 3.1 hours of skilled labor (paid $17 per hour). How many total labor hours will be budgeted for September? Multiple Choice 24,800 8,000 15,200 O 40,000 Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 8 hours at $16 per hour. During February, Jupiter Co. spent $171,400 for variable overhead. 10,150 labor hours were used to produce 1,400 units. What is the over-or underapplied variable overhead? Multiple Choice $15,600 underapplied $15,600 overapplied $7,800 overapplied $16,800 overapplied Killian Corp. has a residual income of $36,000 on invested assets of $451,000. If the hurdle rate is 10%, what is the operating income? Multiple Choice O $3,600 $45,100 $81,100 O $36.000