The following information relates to Salamat Corporation for the last year.Salamat uses direct labor hours as an overhead base.

Estimated direct labor hours 360,000 hours

Estimated manufacturing overhead costsP90,000

Actual manufacturing overhead costsP108,840

Applied manufacturing overheads costsP120,000

Cost of Goods Sold P500,000

24.What was the actual number of direct labor hours worked last year at Salamat Corporation? __________

25.What is the adjusted balance of the Cost of Goods Sold? (if the disposition of over/under applied overhead involves an immaterial amount) __________

G.Ira Co. makes motorcycles.Management wants to estimate overhead costs to plan its operations.A recent trade publication revealed that overhead costs tend to vary with machine hours.To check this, they collected the following data for the past 12 months.

Month No.Machine HoursOverhead Costs

1175P4,500

21704,225

31604,321

41905,250

51754.800

62005,100

71604,450

81504,200

92105,475

101804,760

111704,325

121453,975

26.Using the high-low method, what is the variable cost per machine hours? __________

27.Using the high-low method, what is the Total Fixed Costs? __________

28.What is the Total Cost equation? __________