High-Low Method

question 48

Essay

High-low method
The following information is available regarding the total manufacturing overhead costs of Paymore,Inc.,for five months in 2015: (a)Using the high-low method,compute the following (round all answers):
(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 2015,given that 7,250 machine-hours are scheduled.

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