Refer to the laboratory overhead cost and activity data for MetroFit Center in E6- 49B. Use the high- low method to determine the laboratorys cost

Refer to the laboratory overhead cost and activity data for MetroFit Center in E6- 49B. Use the high- low method to determine the laboratory’s cost equation for total laboratory overhead. Use your results to predict total laboratory overhead if 3,000 lab tests are performed next month.

In E6-49B

Number of Lab Tosts Total Laboratorny Month January February March April Ma June July Performed 3,300 3,100 3,900 3,850 4,100 2,100 2,300 Overhead Costs $29,000 $28,500 $30,000 $31,000 $26,500 $19,100 $15,900