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In the table below are eight months of data Nexes co. collected on machine hours and overhead costs for the production of product XWON. Use
In the table below are eight months of data Nexes co. collected on machine hours and overhead costs for the production of product XWON. Use the high-low method to estimate the variable cost of overhead per machine hour and the monthly fixed overhead cost. Machine Hrs Overhead $'s 1, 116 16,818 967 14,792 815 11,655 2,351 29,054 1,620 20,075 1,010 14,971 1,383 16,713 1, 749 21,138 Based on your estimates determine the expected overhead cost for a month that uses 2200. Round your final solution to the nearest $1.00
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