banking and finance

Section 2- (20 marks) The monthly high and low levels of units and total manufacturing overhead for Ratnere Company are shown below: Manufacturing Overhead Units Highest observed level 117,000 $306,000 Lowest observed level 81,000 234,000 a. Refer to the above data. Using the high-low method, determine the cost formula for Ratnere's monthly overhead cost. b. Refer to the above data. In a month in which 30,000 equivalent full units are produced, what Ratnere's manufacturing overhead should be