PROBLEM 1 Use the following information to answer questions a. and b. A company provides the following information about the total amount of a mixed cost for each month along with the number of units produced in each month. Month Cost Units produced January $580,000 50,000 February $660,000 $550,000 me 60,000 45000 March April $720,000 65.000 May $540,000 46,000 a. Using the high-low method of cost estimation, what is the variable cost per unit? e b ne bo n d o omogubno mi bolood alb blir det bedsoblanadi o botobabbondo b. Using the high-low method of cost estimation, what is the fixed cost in total? PROBLEM 2 Use the following information to answer questions a. and b. suppose a company expects $15,000,000 in overhead during the year and expects to use 100,000 machine hours. Product X uses 4.000 machine hours, Product Y uses 2.000 machine hours, and Product Z uses 3,000 machine hours during the month of January, which is the company's first month in business a. How much overhead will be applied to each product during January assuming that the company uses machine hours as the cost driver? b. Now, assume that all units that were started in January were finished in January. 60% of the units of Product X were sold during January. 40% of the units of Y were sold during January, and 25% of the units of Product Z were sold during January. How much of the overhead applied will be in inventory and how much will be in cost of goods sold