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 Brimficld Catering has 885 hours scheduled for next month, what is the expected total overhead cost for next month? Use the high-low method to delermine the variable and fixed costs components of Brimfield Catering's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Enter the variable cost per unit to the nearest cent.) Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. Complete Brimfield Caterings's operating cost equation. y=x+

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