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QUESTION 24 Davis Corporation has provided the following production and total cost data for Production volum Direct materials... Direct laboro Manufacturing overhead 1,000 units 2,000 units 44,200 88,400 37,300$74,600 $48,500$62.200 Using the Hi-Low Method, the best estimate of the total montaly fixed manofachuring cot in O 1.$130,000 O 2. $177,600 3.$34,800 o 4 $225,200 QUESTION 25 For each of the following costs identify whether it is a Product or Period cost Manufacturing Overhead Salary of receptionist in administrative office B period Cast ▼ mple of a variable cost QUESTION 26 Electricity used in a factory to manufacture products is an exa o True
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Q24) Answer : 3. $34800
Fixed Manufacturing cost = 48500 - [(62200-48500)*1000/(2000-1000)] = 34800
Q25) Manufacturing overhead = Product cost
Salary of receptionist in administrative office = Period cost
Q26) True                  (as higher the production, higher the use of electricity)
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