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he following information applies to questions 31 to 33 Wasderf Limited is a capital-intensive business that manufactures scuba tanks. Financial information for the last six

he following information applies to questions 31 to 33

Wasderf Limited is a capital-intensive business that manufactures scuba tanks. Financial information for the last six months ending December 2019 reveals the following:

Month

Scuba tanks sold

Production overheads

($ thousands)

July

120

30.8

August

100

27.7

September

120

32.8

October

140

34.6

November

180

44.1

December

160

41.3

Question 31 (2 marks): Use the high-low method to estimate the variable production overhead cost per scuba tank.

Answer:

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