Business, 22.04.2021 22:40 oakleylynn

Hartford Manufacturing uses the high-low method to estimate the fixed and variable cost elements of its total manufacturing overhead. The company uses machine-hours (MH) as its activity base. In the current year, its highest month of activity was 4,500 MH, with a corresponding total manufacturing overhead cost of $800,000. Its lowest month of activity was 2,000 MH, with a corresponding total manufacturing overhead cost of $360,000. The company anticipates that it will use 3,000 MH in January of the upcoming year. Use the high-low method to determine the following: 1. The variable manufacturing overhead cost per MH is $ . 2. The monthly fixed manufacturing overhead cost is $ . 3. The estimated total manufacturing overhead cost in January of the upcoming year is $ .

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Hartford Manufacturing uses the high-low method to estimate the fixed and variable cost elements of...

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