Part 2 - Answer the following questions Question 2 (30 marks) (10 marks) A- Mel owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,600 occurred in August when the machines worked 1,400 machine hours. The lowest utility bill of $2,300 occurred in December when the machines worked 900 machine hours. Required: using High-Low method Calculate the variable rate per machine hour and the total fixed utility cost B-Glasgow Enterprises furnishes the following information for October 2016 Sale price per unit Variable cost per unit Total fixed cost Total Units produced/sold $1,600 $ 1,100 $ 800,000 8,000 units (10 marks) Required: 1. Compute Glasgow's breakeven point in units and dollars. Prove your answer 2. Compute the number of units required to earn a target net profit of $ 300,000. 3. Compute the fixed costs of the company if BEP (units) is 3,200 units and the selling price per unit is $1,600 and the variable cost per unit is $ 1,100. (15 marks) C- Management of Mcentire Corporation has asked your help as an intern in preparing some key reports for April. Direct materials cost was $64,000, direct labor cost was $47,000, and manufacturing overhead was $75,000. Selling expense was $15,000 and administrative expense was $44,000. Required: Calculate: prime cost and total manufacturing cost