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Estimate total monthly production costs for may

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Question - Andrea Company manufactures and sells specialty items. The following representative direct labor-hours and production costs are provided for a four-month period:

Month

Hrs. Direct Labor

Production Costs

January

1,500

$22,500

February

2,000

26,250

March

3,500

40,500

April

2,000

22,500

Total

9,000

$111,750

Required - Using the HIGH-LOW METHOD, calculate the following:

1. Calculate the variable cost per direct labor hour.

2. Calculate the total fixed costs.

3. Estimate total monthly production costs for May using the high-low method, assuming the direct labor hours for May are expected to be 2,250.

Reference no: EM132620656

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