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The following information is available regarding the total manufacturing overhead costs of Paymore, Inc., for five

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The following information is available regarding the total manufacturing overhead costs of Paymore, Inc., for five months in 2012;Hours Overhead Costs;February 6,900 $6,250;March 5,000 $5,375;April 6,300 $6,025;May 9,333 $7,975;June 6,833 $6,050;(A) Using the high-low method, compute the following;(1) The variable element of overhead cost per machine-hour;(2) The fixed element of monthly overhead cost;(B) Use the cost relationship determined in part (a) to estimate the total manufacturing overhead costs for July 2012, given that 7,250 machine-hours are scheduled.

 

Paper#75026 | Written in 18-Jul-2015

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