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
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
January
February
March
April
May
June
tableTotal Overhead,Machi$
Using the highlow method, total monthly fixed overhead cost is calculated to be:
A $
B $
C $
D $
$
A
B
C
D
E
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