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Determine the estimating cost function with machine- hours

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Reference no: EM132500525

Michael Scott works as a cost analyst for mid-size paper company. He collected the following information concerning the operations of the Machine Department

Observation                               Machine Hours                               Total Operating costs

January                               4,000                                           $45,000

February                             4,600                                            $ 49,500

March                                   3,800                                           $45,750

April                                      4,400                                         $48,000

May                                    4,500                                              $49,800

please find

Question a) Use the high-low method to determine the estimating cost function with machine- hours as the cost driver.

Question b) If the June's estimated machine-hours total 4,200, what are the total estimated costs of the Machining Department.

Reference no: EM132500525

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