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Determine the fixed element of monthly overhead cost

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The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period:

Machine-
Hours		   Manufacturing Overhead
  Jan. 5,900      $ 300,000     
  Feb. 3,200      224,000     
  Mar. 4,900      263,800     
  Apr. 3,000      190,000     

a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.)

a-2. Use the high-low method to determine the fixed element of monthly overhead cost.

b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part ato forecast May's manufacturing overhead costs.

c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs?

Reference no: EM131784758

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