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X Company's accountant uses the high-low method to determine the parameters of the company's monthly overhead cost function, with units produced as the independent variable.

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X Company's accountant uses the high-low method to determine the parameters of the company's monthly overhead cost function, with units produced as the independent variable. She has the following past monthly observations to work with: Units Produced Cost 6,400 $31,697 7,100 32,747 7,400 35,404 7,900 36,457 8,600 37,257 9,000 38,457 X Company estimates that 10,500 units will be produced in July. What are estimated fixed overhead costs for July (round variable costs per unit to two decimal places)? Submit Answer Tries 0/3

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