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The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year Busiest month (June) Slowest
The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year Busiest month (June) Slowest month (December) Machine Hours 20,000 5 , Direct Labor Costs $295,000 $118,000 Macon expects to use 21,000 machine hours next month, what are the estimated direct labor costs? Multiple Choice $305 800 $177,000
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