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Month Output (units) Direct labor-hours January 684 1400 February 492 820 March 660 875 April 504 670 May 612 760 June 636 765 July 648

Month

Output (units)

Direct labor-hours

January

684

1400

February

492

820

March

660

875

April

504

670

May

612

760

June

636

765

July

648

735

August

600

660

September

648

695

October

696

710

November

672

690

December

675

700

Inbee estimates that Hankuk has a variable cost of $17.50 per direct labor-hour. She expects that Hankuk will produce 650 units in the next month, January. What should she budget as the expected variable cost? How confident is she of her estimate?

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