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X Company wants to estimate total costs (overhead plus administrative) in March, when production is expected to be 1,350 units. It analyzed January costs to
X Company wants to estimate total costs (overhead plus administrative) in March, when production is expected to be 1,350 units. It analyzed January costs to determine the parameters of the overhead and administrative cost functions. January production was 1,000 units and costs were as follows:
Total overhead costs$55,000
Total fixed overhead costs25,850
Total administrative costs37,000
Total variable administrative costs7,400
What is X Company's estimate of total costs in March [round unit costs to two decimal places]?
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