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Estimate total overhead cost at activity level of machine

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Reference no: EM132565180

Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months:

                                  Direct Labor Hours                      Manufacturing Overhead

January                             45,000                                  $295,000

February                           60,000                                      $302,500

March                                57,000                                     $323,000

April                                       58,000                                $320,000

May                                      26,000                                  $160,200

June                                     29,000                                      $162,500

Required:

Question 1. Use the high-low method to estimate the cost formula

 

Question 2. Estimate the total overhead cost at an activity level of 47,000 machine hours, using the separate estimates you obtained for its components.

Reference no: EM132565180

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