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X Company uses the high-low method to estimate total overhead costs each month, with machine hours as the activity measure. The following past monthly cost
X Company uses the high-low method to estimate total overhead costs each month, with machine hours as the activity measure. The following past monthly cost and activity information is available:
Month | Cost | Machine Hours |
May | $10,264 | 3,400 |
June | $8,527 | 2,500 |
July | $9,878 | 3,200 |
August | $13,738 | 5,200 |
If machine hours in October are expected to be 4,300, what are estimated total overhead costs in October (round unit costs to two decimal places)?
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