The levels of production and of manufacturing overhead for the first five months of 2018 for Fredrick Products are shown below:

1) What is the high-low formula?

2) What does the high-low formula provide?

Total cost

Variable cost per unit

Fixed cost

Fixed cost per unit

3) What is the answer to the high-low formula using the data provided above? Round to the nearest cent.

4) Show all work for your calculation above to.

5) What is the cost formula?

6) Solve for the missing value with the total cost equation using the data provided above. Round to the nearest dollar.

7) Show all work for your calculation above to receive partial credit. Zero points for this question will be awarded if this is left blank.

8) What are the elements of contribution margin income statement?

9) What is operating income for Frederick Products assuming produced and sold 50,000 products at a selling price per unit of $5.50? Round your answer to the nearest dollar

10) Show all work for your calculation above

	Units Produced	Manufacturing Overhead
January	11,500	$58,650
February	12,250	$59,500
March	11,125	$58,000
April	11,950	$59,000
May	10,750	$57,000