Cool Box Incorporated needs to prepare pro forma financial statements for the next fiscal year. To do
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Question:
Cool Box Incorporated 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 January $ 9,020 2,320 February8,570 2,270 March 9,180 2,470 April 9,750 2,940 May 10,410 3,060June 8,470 2,260 Using the high-low method, total monthly fixed overhead cost is calculated to be:
Multiple Choice
a. $2,989.50
b. $3,357.20
c. $3,556.30
d. $3,769.70
e. $3,860.80
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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