To estimate the parameters of this cost function, the accountant first studied the behavior of last month's costs, when the company spent 309 sevice hours repairing 27 computer systems. Here are the results of her analysis: Cost Item Utilities Office rent Administration Supplies Training Fixed Cost $271 $3,293 $3,129 $0 $339 $7,032 Variable Cost $73 $0 $176 $3,418 $342 $4,009 Total Concerned that last month may not have been a typical month and her breakdown of fixed and variable costs not completely correct, the accountant decided to use the high-low method to create another cost function. She gathered individual cost and service hour data from the last six months; the following were for the two months when costs and service hours were the lowest and the highest: Cost Item Utilities Office rent Administrationn Supplies Training low month $222 $2,997 $3,128 $1,376 $600 $8,323 227 28 high month $321 $2,997 $3,522 $3,516 $752 $11,108 557 70 Total Service hours Customers Next month, Charlene expects the company to spend 440 hours solving clients' computer system problems. REQUIRED [ROUND ALL PER-UNIT COSTS TO TWO DECIMAL PLACES AND TOTAL COSTS TO THE NEAREST DOLLAR. Part A (6 tries; 5 points) What is the accountant's estimate of total "overhead" next month if she uses the cost function based on her analysis of last month's cost data? #1 IS INCORRECT Submit Answer Tries 4/6 Previous Tries Concerned that last month may not have been a typical month and her breakdown of fixed and variable costs not completely correct, the accountant decided to use the high-low method to create another cost function. She gathered individual cost and service hour data from the last six months; the following were for the two months when costs and service hours were the lowest and the highest: Cost Item Utilities Office rent Administration Supplies Training low month $222 $2,997 $3,128 $1,376 $600 $8,323 227 28 high month $321 $2,997 $3,522 $3,516 $752 $11,108 557 70 Total Service hours Customers Next month, Charlene expects the company to spend 440 hours solving clients' computer system problems. REQUIRED [ROUND ALL PER-UNIT COSTS TO TWO DECIMAL PLACES AND TOTAL COSTS TO THE NEAREST DOLLAR.] Part A (6 tries; 5 points) What is the accountant's estimate of total "overhead" next month if she uses the cost function based on her analysis of last month's cost data? #1 IS INCORRECT Submit Answer Incorrect. Tries 4/6 Previous Tries Part B (6 tries; 5 points) What is the accountant's estimate of total "overhead" next month if she uses the cost function based on the high-low method? Submit Answer Incorrect. Tries 1/6 Previous Tries To estimate the parameters of this cost function, the accountant first studied the behavior of last month's costs, when the company spent 309 sevice hours repairing 27 computer systems. Here are the results of her analysis: Cost Item Utilities Office rent Administration Supplies Training Fixed Cost $271 $3,293 $3,129 $0 $339 $7,032 Variable Cost $73 $0 $176 $3,418 $342 $4,009 Total Concerned that last month may not have been a typical month and her breakdown of fixed and variable costs not completely correct, the accountant decided to use the high-low method to create another cost function. She gathered individual cost and service hour data from the last six months; the following were for the two months when costs and service hours were the lowest and the highest: Cost Item Utilities Office rent Administrationn Supplies Training low month $222 $2,997 $3,128 $1,376 $600 $8,323 227 28 high month $321 $2,997 $3,522 $3,516 $752 $11,108 557 70 Total Service hours Customers Next month, Charlene expects the company to spend 440 hours solving clients' computer system problems. REQUIRED [ROUND ALL PER-UNIT COSTS TO TWO DECIMAL PLACES AND TOTAL COSTS TO THE NEAREST DOLLAR. Part A (6 tries; 5 points) What is the accountant's estimate of total "overhead" next month if she uses the cost function based on her analysis of last month's cost data? #1 IS INCORRECT Submit Answer Tries 4/6 Previous Tries Concerned that last month may not have been a typical month and her breakdown of fixed and variable costs not completely correct, the accountant decided to use the high-low method to create another cost function. She gathered individual cost and service hour data from the last six months; the following were for the two months when costs and service hours were the lowest and the highest: Cost Item Utilities Office rent Administration Supplies Training low month $222 $2,997 $3,128 $1,376 $600 $8,323 227 28 high month $321 $2,997 $3,522 $3,516 $752 $11,108 557 70 Total Service hours Customers Next month, Charlene expects the company to spend 440 hours solving clients' computer system problems. REQUIRED [ROUND ALL PER-UNIT COSTS TO TWO DECIMAL PLACES AND TOTAL COSTS TO THE NEAREST DOLLAR.] Part A (6 tries; 5 points) What is the accountant's estimate of total "overhead" next month if she uses the cost function based on her analysis of last month's cost data? #1 IS INCORRECT Submit Answer Incorrect. Tries 4/6 Previous Tries Part B (6 tries; 5 points) What is the accountant's estimate of total "overhead" next month if she uses the cost function based on the high-low method? Submit Answer Incorrect. Tries 1/6 Previous Tries