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Calculate the fixed cost of overhead

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Assignment

Below are the overhead costs and labor hours for Smith & Co.

Month

Overhead Cost

# of labor hours

January

$9,640

490

February

$12,680

680

March

$11,080

580

April

$11,720

620

May

$13,000

700

June

$10,120

520

July

$8,840

440

August

$6,600

300

Required:

Using the high-low method:

1. Calculate the fixed cost of overhead.

2. Calculate the variable rate per labor hour.

3. Construct the cost formula for total overhead cost.

4. The company is estimating that in September the labor hours will be 600. How much should they estimate to have in total overhead cost for September?

Reference no: EM131780067

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