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Author Question: Patrick Ross, the president of M & M Materials Company, has asked for information about the cost ... (Read 34 times)

bio_gurl

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Patrick Ross, the president of M & M Materials Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable. The following data are the only records available:

MonthMachine-hoursOverhead Costs
February1,870$22,500
March3,08024,475
April1,10024,321
May2,75023,650
June3,85031,196

Required: 
Using the high-low method, determine the overhead cost equation. Use machine-hours as your cost driver.


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Marked as best answer by bio_gurl on Mar 6, 2021

jonathanballen97

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bio_gurl

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Reply 2 on: Mar 6, 2021
Gracias!


amit

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Reply 3 on: Yesterday
:D TYSM

 

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