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What is the cost formula for utilities cost

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Reference no: EM132649988

Direct labour hours are used to apply the overhead.

                 Direct labour hours         Total factory overhead costs

20X2           46,800                          $297,000

20X3             36,000                      $276,000

20X4              40,800                 $262,500

20X5              48,000                     $288,000

20X6             45,000                          $254,250

Total factory overhead consists of supervisory salaries, which are fixed at $195,000, and utilities costs, which are mixed.

Problem 1: Using the high-low method, What is the cost formula for utilities costs?

Reference no: EM132649988

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