produces a single product and uses a standard cost system to help in the control of costs. Overhead is applied to production on a basis of machine$-$hours. According to the company's flexible budget, the following overhead costs should be incurred at an activity level of $18,000$ machine$-$hours $($the denominator activity level chosen for the year$)$:

$\backslash$table$[[\backslash$table$[[$Variable overhead cost$],[$Fixed overhead costs.$]],\backslash$table$[[,31,500$