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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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