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Answer the required questions, low effort posts and wrong answers will be downvoted and reported. Achilles Inc. recorded the following data for operations during six
Answer the required questions, low effort posts and wrong answers will be downvoted and reported.
Achilles Inc. recorded the following data for operations during six months of the fiscal year: January February March April May June Overhead Cost $1,203,200 1,130,000 1,178,000 1,270,000 1,186,500 1,248,000 Labour hours 17,340 12,480 13,780 19,480 14,600 18,020 Required (A) Using the high-low method, compute the variable rate for overhead per labour hour. (B) Using the high-low method, compute the fixed cost. (C) What is the cost formula? (D) Using the cost formula from (C), estimate the overhead cost for 21,400 labour hours. (E) What are some of the advantages and disadvantages of using the high-low method? Please discuss. What alternatives do managers have to mitigate disadvantages of the high-low method? How do those methods mitigate these disadvantagesStep by Step Solution
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