The CW98435 company uses direct labor-hours as its activity measure for overhead cost. Shown below are direct labor-hours and total overhead costs for the first half of the year: Overhead Direct labor-Hours Cost 150,000 140,000 $339,000 $328,000 Jan Feb Мar 160,000 $350,000 Apr 120,000 $296,000 May 170,000 $362,500 Jun 200,000 $400,000 Assume that the relevant range includes all of the activity levels for the CW98435 company given in this problem. f CW98435 expects to incur 192,000 direct labor hours next month, what will the estimated total overhead cost be using the high-low method? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $389,600 $390.800 $390,100 $388,600
The CW98435 company uses direct labor-hours as its activity measure for overhead cost. Shown below are direct labor-hours and total overhead costs for the first half of the year: Overhead Direct labor-Hours Cost 150,000 140,000 $339,000 $328,000 Jan Feb Мar 160,000 $350,000 Apr 120,000 $296,000 May 170,000 $362,500 Jun 200,000 $400,000 Assume that the relevant range includes all of the activity levels for the CW98435 company given in this problem. f CW98435 expects to incur 192,000 direct labor hours next month, what will the estimated total overhead cost be using the high-low method? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $389,600 $390.800 $390,100 $388,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The CW98435 company uses direct labor-hours as its activity measure for overhead cost. Shown below are direct labor-hours and total overhead costs for the first half of the year:
Overhead
Direct labor-Hours
Cost
$339,000
$328,000
Jan
150,000
Feb
140,000
Mar
160,000
$350,000
120,000
$296,000
$362,500
$400,000
Apr
Мay
170,000
Jun
200,000
Assume that the relevant range includes all of the activity levels for the CW98435 company given in this problem.
If CW98435 expects to incur 192,000 direct labor hours next month, what will the estimated total overhead cost be using the high-low method? (Round your intermediate calculations to 2
decimal places.)
Multiple Choice
$389,600
$390,800
$390,100
$388,600
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