Cavy Company estimates that the factory overhead for the following year will be $1,246,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 30,400 hours. The machine hours for the month of April for all of the jobs were 3,570. If the actual factory overhead for April totaled $148,858, determine the over- or underapplied amount for the month. Enter the amount as a positive number. $fill in the blank 1

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)