Question
HB Corp reported actual machine hours and overhead cost are presented below for the past six months. Month Overhead Cost Machine Hours January $ 6,288
- HB Corp reported actual machine hours and overhead cost are presented below for the past six months.
| Month | Overhead Cost | Machine Hours | ||||||
| January | $ | 6,288 |
|
| 1,980 |
|
| |
| February |
| 6,460 |
|
| 2,090 | H |
| |
| March |
| 5,987 |
|
| 1,745 |
|
| |
| April |
| 5,559 |
|
| 1,560 | L |
| |
| May |
| 6,032 |
|
| 1,865 |
|
| |
| June |
| 6,341 |
|
| 2,012 |
|
| |
Using the high-low method, if Machine Hours are 2,200 calculate the estimate of Overhead Costs.
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Accounting And Finance For Non-Specialists
Authors: Eddie McLaney, Peter Atrill
11th Edition
1292244011, 9781292244013
