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Determine variable element of manufacturing overhead costs

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Problem - 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.        6,000                    $320,000                

Feb.       3,200                    224,000                   

Mar.      4,900                    264,000                   

Apr.       2,500                    180,000                   

a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour.

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 4,500. Use the cost relationships determined in part a to 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: EM131722216

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