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Estimate the cost formula for manufacturing overhead

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Reference no: EM132891705

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 doth direct material and direct labour are variable costs.

Reference no: EM132891705

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