The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past year Machine Hours Direct Labor Costs Busiest month (June) 14,000 $200,000 Slowest month (December) 6,000 $120,000 What are the direct labor costs per machine hour? Select one: O a. $16.00. b. $14.29. OC $20.00 d $10.00 e Ned page DOI estion 26 t yet swered arked out of 30 Flag question Before prorating the manufacturing overhead costs at the end of 2012, the Cost of Goods Sold and Finished Goods Inventory had applied overhead costs of $57,500 and $20,000 in them, respectively. There was no Work-in-process at the beginning or end of 2012. During the year, manufacturing overhead costs of $74,000 were actually incurred. The balance in the Applied Manufacturing Overhead was $77,500 at the end of 2012. If the under-or overapplied overhead is prorated between Cost of Goods Sold and the inventory accounts, how much will be the cost of Goods Sold after the proration? Select one: a $56,597 @b $60,197 $54,903. d. 558.403 Nov Ron db DOLI Question 28 Vot yet answered Marked out of 4.00 The general journal entry to record the issuance of the materials represented by the following materials requisitions for the month includes Requisition No. Description Amount 372 Job No. 179 $5,250 373 Job No. 184 $3,700 374 Job No. 180 $4,525 375 General factory use $ 725 376 Job No. 182 $2,470 P Flag question Select one: 0 a debit to Materials Inventory, $15,945. ob. a debit to Work-In-Process Inventory $15.945 a debit to Materials inventory $16,670. d. a credit to Work in Process inventory $15,945, 3 a credit to Factory Overhead 5725 RI DOLL