Homework Answers
Answer :- Calculation of total estimated cost for 2,680 machine hours using the high-low method to estimate the cost equation:-
VC = ( $14,262 - $8,157)/(4,600 - 2,380)
VC = $2.75
FC = $14,262 - ( $2.75 * 4,600)
FC = $1,612
Total Estimate Cost = $1,612 + ( $2.75 * 2,680)
Total Estimate Cost = $8,982
So the correct answer is option C.( $8,982).
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