PR 6-36 (Algo) Cost Behavior and Analysis; High-Low Method (LO 6-2, 6-5) The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses direct- labor hours as its cost driver for overhead costs. Month January February March April May June Direct-Labor Hours 37,000 39,000 52,000 40,000 44,000 42,000 Manufacturing Overhead $ 701,000 740,000 899,000 754,250 805,500 802,500 March's costs consisted of machine supplies ($296,400), depreciation ($32,500), and plant maintenance ($570,100). These costs exhibit the following respective behavior: variable, fixed, and semivariable. The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step-fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $77,500. The cost is $155,000 from 15,000 to 29,999 hours and $232,500 when activity reaches 30,000 hours or more.

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PR 6-36 (Algo) Cost Behavior and Analysis; High-Low Method (LO 6-2, 6-5) The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses directlabor hours as its cost driver for overhead costs. March's costs consisted of machine supplies ($296,400), depreciation ($32,500), and plant maintenance ($570,100). These costs exhibit the following respective behavior: variable, fixed, and semivariable. The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step-fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $77,500. The cost is $155,000 from 15,000 to 29,999 hours and $232,500 when activity reaches 30,000 hours or more. Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of manufacturing overhead the company can expect in November if 29,900 direct-labor hours are worked