Question Completion Status: QUESTION 1 1. Company XYZ has the following data relating to its power usage for the last six months. Month Usage (kw) Cost (S) 500 450 2 550 455 3 475 395 4 425 310 5 450 380 600 484 Assume usage is within the relevant range of activity (.e., no outliers). Compute the total power cost for the current month, using high-low method, if the power usage for the current month is 650 kw. (3 points) $200,000 $75,000 2. Company XYZ has the following costs and activities associated with the production and sale of one of its products: Direct material $3.00/unit Fixed OH (total) Direct labor $2.50/unit Fixed expenses (total) Var. OH $1.80/unit Production Var. expenses S0.25 / unit Sales Selling price $25 / unit Management estimates the annual capacity to be 50,000. Prepare the income statement based on absorption costing. 55,000 units 48,000 units (3 points) TT T Arial 3 (12pt) T