1. using high low method calculate the variable rate for factory overhead?

2. using the high low method calculate the fixed cost for factory overhead?

3. if the total cost of factory overhead equals $2100 + (1.75 * number of sprockets manufactured) what wluld the total cost equal if the company manufactures 10,900 sprockets?

4. if the total cost of facotry overhead equals $21,000 and the company manufactures 10,900 sprockets, what is the total factory overhead cost per sprocket manufactured?

Super Rat Machine Works, a manufacturing firm, manufactures sprockets for the Tree Bicycle company. The company has supplied information from its accounting records for the last 12 months. No. of Factory Month Sprockets Overhead Jan 10,000 $ 18,000 Feb 12,000 21,600 Mar 8,800 17,200 Apr 11,500 19,000 May 9,500 18,000 Jun 10,500 18,700 Jul 9,000 15,800 Aug 13,500 25,000 Sep 11,000 21,500 Oct 11,250 20,300 Nov 13,000 25,900 Dec 10,750 18,300