The following information applies to questions 9-10. Tory Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost. y = $80,000 + $12X where: y = monthly manufacturing overhead cost X = machine hours The standard error of estimate of the regression is $6,000. The standard time required to manufacture one six-unit case of ToryAc€?cs single product is four machine-hours. Tory applies manufacturing overhead to production on the basis of machine-hours, and its normal annual production is 50,000 cases.
[CMA Adapted] ToryAc€?cs estimated variable manufacturing overhead cost for a month in which scheduled production is 10,000 cases would be
[CMA Adapted] ToryAc€?cs predetermined fixed manufacturing overhead rate would be