Question Details

Patrick Ross, the president of Corise's Wild Game Company


Patrick Ross, the president of Corise's Wild Game Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable. The following data are the only records available:

	Month	Machine-hours	Overhead Costs
	February	1,870	$22,500
	March	3,080	24,475
	April	1,100	24,321
	May	2,750	23,650
	June	3,850	31,196

Required: 
Using the high-low method, determine the overhead cost equation. Use machine-hours as your cost driver.


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