Santorini Ltd. has accumulated the following data over a six-month period: Determine the formula that could be used to determine Santorini's indirect labor cost at various levels of production using the high-low method. Lynch Audio produces stereo components for a major automotive stereo manufacturer. It curren uses the machine hour method of applying factory overhead to production. Information for the previous year follows: During the year, Lynch produced a new product, Super Tweeters, which involved $27,000 of material 3, 100 direct labor hours and 4, 500 machine hours. a. Compute the predetermined factory overhead rate. b. Compute the amount of under- or overapplied factory overhead. c. Determine the cost of the Super Tweeter job