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Need help with question 2 In the table below are eight months of data NexEst co. collected on machine hours and overhead costs for the
Need help with question 2
In the table below are eight months of data NexEst co. collected on machine hours and overhead costs for the production of product xnow. 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 1100. Round your final solution to the nearest $1.00. 14,880 QUESTION 2 Assume NexEst co. estimated the variable cost of overhead per machine hour as $8and the monthly fixed overhead cost as $9,000. Based on these estimates determin the expected overhead cost for a month that uses 800 machine hours. Round your final solution to the nearest $1.00Step by Step Solution
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