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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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