96.Refer to the information above. Using the high-low method, compute the variable element of manufacturing overhead cost per machine hour.
A. $0.87 per machine hour.
B. $1.50 per machine hour.
C. $1.40 per machine hour.
D. $2.10 per machine hour.
97.Refer to the information above. Using the high-low method, compute the fixed element of Olsen's monthly overhead cost.
A. $33,000.
B. $35,000.
C. $37,500.
D. $40,000.
98.Refer to the information above. Olsen's projected August operations will require approximately 120,000 machine hours. Using the high-low method, compute total manufacturing overhead estimated for August.
A. $165,000.
B. $187,500.
C. $197,500.
D. $213,000.
99.Refer to the information above. Using the high-low method, compute the variable element of manufacturing overhead per unit of production closest to.
A. $0.83 per unit.
B. $1.02 per unit.
C. $0.95 per unit.
D. $0.08 per unit.
100.Refer to the information above. Using the high-low method, Duke & Duchess's monthly overhead cost is closest to which of the following? (Round your intermediate computations to two decimal places.)
A. $59,413.
B. $12,495.
C. $12,250.
D. $46,918.
101.Refer to the information above. In June, Duke & Duchess expects to manufacture 18,000 units. Using the high-low method, compute the total estimated manufacturing overhead for June. (Round your intermediate computations to two decimal places.)
A. $65,278.
B. $61,668.
C. $63,948.
D. $18,360.
102.Refer to the information above. On the basis of the above data, the cost formula for Onyx's monthly manufacturing overhead can be expressed as:
A. $18.00 average cost per direct labor hour.
B. $1.80 average cost per direct labor hour.
C. $26,000 fixed cost plus $1.50 per direct labor hour.
D. $18,000 fixed cost plus $2.00 per direct labor hour.
103.Refer to the information above. In a month in which 6,500 direct labor hours are worked, Onyx's manufacturing overhead should be approximately:
A. $18,000.
B. $28,000.
C. $31,000.
D. $35,000.