X Company uses the high-low method to predict monthly overhead costs. The following were May and...
X Company uses the high-low method to predict monthly overhead
costs. The following were May and September cost and activity
results:
| OH Cost | Production | |
| May | $9,398 | 2,700 |
| September | $14,897 | 5,050 |
If December production is expected to be 3,900 units, what are expected total fixed overhead costs in December [round unit costs to two decimal places]?
Homework Answers
Answer:
Variable cost per unit = ($14,897 - $9,398) / (5,050 - 2,700) = $2.34
Fixed cost = $14,897 - (5,050 × $2.34) = $3,080
Or
Fixed cost = $9,398 - (2,700 × $2.34) = $3,080
Since fixed cost for all level of production is same, for December:-
Expected total fixed overhead costs in December = $3,080
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