Question: Brimfield Catering uses the high-low method to predict its total overhead costs. Past records show that total overhead cost was $25,600 when 860 hours were

Brimfield Catering uses the high-low method to predict its total overhead

Brimfield Catering uses the high-low method to predict its total overhead costs. Past records show that total overhead cost was $25,600 when 860 hours were worked and $27,800 when 960 hours were worked. If Brimfield Catering has 885 hours scheduled for next month, what is the expected total overhead cost for next month? Next Identity the tormula and compute the tixea cost component (the vertical Intercept) using the costs for the highest level of activity

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