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Determine the estimating cost function with machine-hours

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Reference no: EM132726854

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

Required

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

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

Reference no: EM132726854

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