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The following selected data were taken from the accounting records of Schein Industrial Manufacturing: Month Machine hours Manufacturing Overhead May 46,000 890,000 June 60,000 1,150,000

The following selected data were taken from the accounting records of Schein Industrial Manufacturing:

Month

Machine hours

Manufacturing Overhead

May

46,000

890,000

June

60,000

1,150,000

July

70,000

1,300,000

August

55,000

950,000

Required:

What type of cost behavior is the high low method best suited to analyze?

By using the high-low method, calculate Schein's variable manufacturing overhead cost

Calculate the monthly fixed portion from b above.

Assume that present cost behavior patterns continue into future months. Estimate the total amount of manufacturing

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