Question
The following data was obtained from the books of the Caldwell Home Painting Company: Month --------------------Overhead Costs --------------------------Direct Labor Hours January ---------------------$2,400 -----------------------------------------------600 February ---------------------3,750
The following data was obtained from the books of the Caldwell Home Painting Company: Month --------------------Overhead Costs --------------------------Direct Labor Hours January ---------------------$2,400 -----------------------------------------------600 February ---------------------3,750 ------------------------------------------------800 March -------------------------1,800------------------------------------------------- 500 April---------------------------- 3,900----------------------------------------------- 900 May ----------------------------1,100------------------------------------------------ 200 Compute the fixed and variable components of the monthly overhead costs using the high-low method.
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