Question
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45,000 $295,000
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months:
Direct Labor Hours
Manufacturing Overhead
January
45,000
$295,000
February
60,000
$302,500
March
57,000
$323,000
April
58,000
$320,000
May
26,000
$160,200
June
29,000
$162,500
Required:
1.Use the high-low method to estimate the cost formula
2.Estimate the total overhead cost at an activity level of 47,000 machine hours, using the separate estimates you obtained for its components.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
