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Noble Inc. documented the number of units produced as well as maintenance costs for the past five months as follows: Number of units Total overhead
Noble Inc. documented the number of units produced as well as maintenance costs for the past five months as follows:
Number of units | Total overhead costs | |
October | 120,000 | $6,200 |
November | 180,000 | 10,000 |
December | 100,000 | 6,000 |
January | 110,000 | 8,000 |
February | 135,000 | 9,000 |
Noble uses the high/low method of estimating mixed costs. Required:
A. | What is the equation to predict estimated total overhead costs? Round your answers to the nearest cent, if necessary. |
Y = $ + $ x | |
B. | If the company expects to produce 150,000 units in March, what will be the estimated total overhead costs? |
$ |
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