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Question 5. (16 marks) Antoine Griezmann Inc. makes soccer balls for the UEFA Championship League. The following data is for the June to November. Direct

Question 5. (16 marks)

Antoine Griezmann Inc. makes soccer balls for the UEFA Championship League. The following data is for the June to November.

Direct Labor Hours

Manufacturing Overhead

June

55,000

$395,000

July

70,000

$420,000

August

67,000

$423,000

September

62,000

$347,250

October

44,000

$278,200

November

35,000

$262,500

Submission Instructions:

  1. Use the high-low method to estimate the cost formula

  1. Estimate the total overhead cost at an activity level of 48,000 machine hours, using the separate estimates you obtained for its components.

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