Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 8.57 pts The management of ABC Company believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours

image text in transcribed
image text in transcribed
Question 9 8.57 pts The management of ABC Company believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months: Machine-Hours Overhead Cost January 150,000 $339,000 February 140,000 $328,000 March 160,000 $350,000 April 130,000 $319,500 May 170,000 $362,500 June 200,000 $400,000 Assume that the relevant range includes all of the activity levels mentioned in this problem. January 150,000 $339,000 February 140,000 $328,000 March 160,000 $350,000 April 130,000 $319,500 May 170,000 $362,500 June 200,000 $400,000 Assume that the relevant range includes all of the activity levels mentioned in this problem. If ABC Company expects to incur 185,000 machine hours next month, what will the estimated total overhead cost be using the high-low method? $381.700 O $382.750 $359.750 $212,750

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions