Use the high-low method to determine McKnight Industries' MOH cost equation using DL hours as the cost driver. Assume that management believes that all data are accurate and wants to include all of it in the analysis.

Requirement 5. Use the high-low method to determine McKnight Industries' MOH cost equation using DL hours as the cost driver. Assume that management believes that all data are accurate and wants to include all of it in the analysis. (Round the variable cost to the nearest cent and fixed costs to the nearest dollar.) y = $1x + $ Manufacturing Overhead Costs Month Direct Labour Units MOH Cost MOH Cost per Hours Produced per DL Hour Unit Produced 22,800 3,630 $ 20.61 $ 129.48 470,000 July $ August September... 517,000 26,200 4,340 19.73 119.12 428,000 19,000 4,190 22.53 102.15 October 453,000 21,800 3,420 20.78 132.46 November ... 557,000 29,000 19.21 96.53 5,770 3,260 December 439,000 19,500 22.51 134.66