Solved

The Viking Company Has Provided the Following Information A Using the High- Low Method, Calculate the Total Fixed

Question 73

Essay

The Viking Company has provided the following information:  Direct Factory  Month  Overhead  Labor Hours  January $92,0954,600 February 103,0565,280 March 83,8023,760 April 89,5944,320 May 105,6945,720 June 87,4043,880\begin{array}{lll}& \text { Direct Factory } \\\text { Month } & \text { Overhead } & \underline{\text { Labor Hours }} \\\text { January } & \$ 92,095 & 4,600 \\\text { February } & 103,056 & 5,280 \\\text { March } & 83,802 & 3,760 \\\text { April } & 89,594 & 4,320 \\\text { May } & 105,694 & 5,720 \\\text { June } & 87,404 & 3,880\end{array} a. Using the high- low method, calculate the total fixed factory overhead cost and the variable factory overhead cost per direct labor hour.
b. Prepare the cost function.
c. What would the total factory overhead cost be at a level of 5,000 hours?

Correct Answer:

verifed

Verified

a. ($108,694 $83,802) / (5,720 3,760) = ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions