Multiple Choice

• $648

• $726

• $662

• $732

• $758

When doing the calculators myself I got $790.89, however there are no options...

Formula	Y = a + (b * M)
High Hours	1,406
Low Hours	1,168
High Cost	$3,532
Low Cost	$3,068
VC per Hour	1.95
Intercept	$790.89
Estimate (H)	1168
Estimate ($)	$3,068

Do-Over Incorporated recently obtained a short-term bank loan from City National Bank. The bank required that certain credit information and pro forma financial statements be maintained through the life of the loan. In order to prepare the pro forma statements, Do-Over must forecast total overhead cost. The actual machine hours and overhead cost are presented below for the past six months. Month January February March April May June Overhead Cost $ 3,230 3,532 3,068 3,330 3,420 3,544 Machine Hours 1,283 1,406 1,168 1,250 1,245 1,345 Using the high-low method, total monthly fixed overhead cost is calculated to be: Do-Over Incorporated recently obtained a short-term bank loan from City National Bank. The bank required that certain credit information and pro forma financial statements be maintained through the life of the loan. In order to prepare the pro forma statements, Do-Over must forecast total overhead cost. The actual machine hours and overhead cost are presented below for the past six months. Month January February March April May June Overhead Cost $ 3,230 3,532 3,068 3,330 3,420 3,544 Machine Hours 1,283 1,406 1,168 1,250 1,245 1,345 Using the high-low method, total monthly fixed overhead cost is calculated to be