How much will the total overhead costs increase

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Problem - Using the regression function in MS Excel, obtain an ANOVA output that gives a cost function.

Month

Total Overhead Costs

Labor Hours

March

$50,000

2,000

April

70,000

3,000

May

55,000

1,500

June

65,000

3,500

July

55,000

1,000

August

65,000

2,000

September

45,000

1,500

October

80,000

4,000

November

55,000

2,500

December

60,000

2,500

Required -

How much will the total overhead costs increase for every additional labor hour?

If there are no labor hours, what will the total overhead costs be?

What is the fixed cost?

Reference no: EM132642794

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