Question
Fabulous Fabulous Catering uses thehigh-low method to predict its total overhead costs. Past records show that total overhead cost was $ 25,400 when 810 hours
Fabulous
Fabulous Catering uses thehigh-low method to predict its total overhead costs. Past records show that total overhead cost was $ 25,400 when 810
hours were worked and $27,100 when 910 hours were worked. If Fabulous Catering has 835 hours scheduled for nextmonth, what is the expected total overhead cost for nextmonth?
Use thehigh-low method to determine the variable and fixed costs components of Fabulous
Fabulous Catering's operating cost equation.
First identify the formula and calculate the variable cost component(slope). (Enter the variable cost per unit to the nearestcent.)
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