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X Company's accountant uses account analysis to estimate costs for each month, with direct labor hours as the independent variable. In July, she did the
X Company's accountant uses account analysis to estimate costs for each month, with direct labor hours as the independent variable. In July, she did the following cost behavior analysis for three specific cost items: Cost Item Utilities Insurance Indirect labor Total Cost $261,450 391,500 294,663 Fixed Cost $0 391,500 98,119 In July, direct labor hours were 8,300. If direct labor hours in November are expected to be 7,000, what are expected total costs for these three cost items in November? OA: $546,873|OB: $639,841 C: $748,615 D: $875,879 E: $1,024,778| OF: $1,198,991
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