Business, 26.10.2021 01:00 cameronrandom00
Thompson Refrigerators Inc. needs to prepare pro forma financial statements for the next fiscal year. To do so, the company must forecast its total overhead cost. The actual machine hours and total overhead cost are presented below for the past six months.
Month Total Overhead Machine Hours
Jan. $8,258 2,134
Feb. 8,006 2,045
Mar. 8,387 2,276
Apr. 8,832 2,743
May 8,921 2,834
June 7,841 2,034
Using the high-low method, unit variable overhead cost is calculated to be:.
a. $5,095.10
b. $5,462.80
c. $5,661.90
d. $5,875.30
e. $5.966.40
Answers: 1
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Thompson Refrigerators Inc. needs to prepare pro forma financial statements for the next fiscal year...
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