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Estimate the cost formula for manufacturing overhead

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Reference no: EM132524979

Question - Selected data about Pitkin Company's manufacturing operations at two levels of activity are given below:

Number of units produced:

10,000

15,000

Total manufacturing costs:

$157,000

$225,000

Direct material cost per unit:

$4

$4

Direct labour cost per unit:

$6

$6

Required - Using the high-low method, estimate the cost formula for manufacturing overhead. Assume that both direct material and direct labour are variable costs.

Reference no: EM132524979

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