Question
Ahmad owns a catering company, has gathered the following overhead cost information for the past six months: Month Labour Hours Overhead cost July 13,500 $23,400
Ahmad owns a catering company, has gathered the following overhead cost information for the past six months:
Month | Labour Hours | Overhead cost |
July | 13,500 | $23,400 |
August | 13,200 | 23,500 |
September | 14,100 | 26,000 |
October | 15,100 | 28,300 |
November | 15,300 | 28,200 |
December | 14,800 | 27,500
|
Using the scatter diagram method, variable overhead cost per machine hour and the monthly fixed overhead cost. Estimate the total variable overhead costs and fixed overhead costs if 14600 labor hours are projected to be used next month. (You should use Excel to graph the data. Copy your chart and paste below)).[
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