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1 .Time: 10 minutes .Total: 5 marks Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct
1 .Time: 10 minutes .Total: 5 marks Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Manufacturing Hours Overhead January 45,000 $295,000 February 59,600 5305,575 March $7,0001 $323,000 April 58,000 $320,000 May 27,700 $158,400 June 29,000 $152.500 Required: Use the high-low method to estimate the cost formula (3 marks) : Estimate the total overhead cost at an activity level of 43,000 machine hours, using the separate estimates you obtained for its components. (2 marks)
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