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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.
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