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As part of a cost study, the cost accountant of Shinly Corporation has recorded the cost of operations at seven different levels of materials usage. The records show the following: Kilos of materials Costs of operation 80 P800 60 P480 20 P320 120 P1, 200 140 P1, 280 40 P480 100 P1, 040 24. Using the high-low points method, the variable cost of operations per kilo of materials used is 25. Using the same high-low points method, the fixed cost of operations is 26. What is the cost function of the Operation cost? 27. Assuming 150 kilos of material usage expected to occur next month, how much will be the estimated operations cost based on the cost function generated from high-low method? 28. Using the least squares method, the average rate of variability per kilo of materials used is 29. Using the least square method, the fixed portion of the cost is 30. Assuming 98 kilos of material usage is expected to occur next month, how much will be the estimated operations cost based on the cost function generated from least square method? Data about Maritz Company's production and inventories for the month of June are as follows: Purchases - Direct materials P143, 440 Freight-in P5,000 Purchase returns and allowances P2, 440 Direct labor P175,000 Actual factory overhead P120,000 Inventories: Finished goods P68,000 P56, 000 Work in Process P110,000 P135,000 Direct materials P52, 000 P44,000 Maritz Company applies factory overhead to production at 80% of direct labor cost. Over or under applied overhead is closed to cost of goods sold at year-end. The company's accounting period is on the calendar year basis. 31. Maritz Company's prime cost for June was 32. Maritz Company's conversion cost for June was 33. For the month of June, Maritz Company's total manufacturing cost was 34. For June, Maritz Company's cost of goods transferred to the finished goods inventory account was 35. Maritz Company's cost of goods sold for June was 36. The journal entry for adjustment of cost of goods sold i 37. The amount of over/under applied overhead factory for the month of June was 38. The cost of goods sold for the month of June should be increased (decreased) by the amount of over/under applied factory overhead of