he overhead costs and labor hours for Adell & Co. are as follows: Month Overhead Costs Labor Hours January $9,640 490 February 12,680 680 March 11,080 580 April 11,720 620 May 13,000 700 June 10,120 520 July 8,840 440 August 6,600 300 Using the high-low method: A. Calculate the variable cost rate per labor hour. fill in the blank 1 of 1$ B. Calculate the fixed cost of overhead. fill in the blank 1 of 1$ C. Construct the cost formula for total overhead cost. Total Cost = Fixed Cost + Variable Cost = $fill in the blank 3 + ($fill in the blank 4 per Hour X Labor Hours) D. The company is estimating that in September the labor hours will be 600. How much should it estimate to have in total overhead cost for September? fill in the blank 1 of 1$

he overhead costs and labor hours for Adell & Co. are as follows: Month Overhead Costs Labor Hours January $9,640 490 February 12,680 680 March 11,080 580 April 11,720 620 May 13,000 700 June 10,120 520 July 8,840 440 August 6,600 300 Using the high-low method: A. Calculate the variable cost rate per labor hour. fill in the blank 1 of 1$ B. Calculate the fixed cost of overhead. fill in the blank 1 of 1$ C. Construct the cost formula for total overhead cost. Total Cost = Fixed Cost + Variable Cost = $fill in the blank 3 + ($fill in the blank 4 per Hour X Labor Hours) D. The company is estimating that in September the labor hours will be 600. How much should it estimate to have in total overhead cost for September? fill in the blank 1 of 1$

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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