Kay Company budgets overhead cost of $3,780,000 for the next yent. The company uses direct labor hours as its overhead allocation base. If 84,000 direct tabor hours are planned for the next year, how much overhead would be assigned to a product requiring 4 direct labor hours? Mutiple Choice 5140.00 518000 None of the choices $6500 53500 The following information is available for the year ended December 31 : The amount of direct materials used in production for the year is: Mueiple Chaice $6,300 94300 55300 A company is planning to purchase a machine that will cost $31,668, have a six-year life, and will have no solvage value. The company expects to sell the machine's output of 3.000 units evenly throughout each year. A projected income statement for each year of the asset's lffe appears below. What is the payback period for thls machine? Multiple Choice 102 yese 2436 yean. Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7700. The budgeted cash payments for materials in January are: Mukiple Criolce 514115 514,230 $700 510300