Work-in.Process inventory for Carston Incorporated at the beginning of the year was a single job, Job T114: The company's budgeted costs for the year are as follows: The companys actual costs incurred during the year are as follows: Williams Auto has a machine that installs tires, The machine is now in need of repair. The machine originally cost $11,600 and the repa will cost $2,600, but the machine will then last two years. The labor cost of operating the machine is $0.60 per tire insteve of the old machine, Williams could buy a new machine tit i cost of $7,800 that would also last two years; the labor cost would then be tedtued to $020 per tire. Willams expects to install 11,600 tires in the next two years. Required: a. Determine the total (two-years) cost for both repairing and replacing the machine: Wiliams Auto has a machine that installs tires. The machine is now in need of repair. The machine originally cost $11.500 and the repair will cost $2,600, but the machine will then last two years. The inbor cost of operating the machine is $0.60 per tire. Instead of repairina reduced to $0.20 per tire. Willams expects to install 11,600 tires in the next two years. Required: a. Determine the total (two-years) cost for both repairing and replacing the machine