Question: Need help with question 2 In the table below are eight months of data NexEst co. collected on machine hours and overhead costs for the

Need help with question 2

Need help with question 2 In the table below are eight months

In the table below are eight months of data NexEst co. collected on machine hours and overhead costs for the production of product xnow. Use the high-low method to estimate the variable cost of overhead per machine hour and the monthly fixed overhead cost. Machine Hrs Overhead $'s 1,116 16,818 967 14,792 815 11,655 2,351 29,054 1,620 20,075 1,010 14,971 1,383 16, 713 1,749 21,138 Based on your estimates determine the expected overhead cost for a month that uses 1100. Round your final solution to the nearest $1.00. 14,880 QUESTION 2 Assume NexEst co. estimated the variable cost of overhead per machine hour as $8and the monthly fixed overhead cost as $9,000. Based on these estimates determin the expected overhead cost for a month that uses 800 machine hours. Round your final solution to the nearest $1.00

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