Question: Using the high-low metho, total monthly fixed overhead Thompson Refrigerators Inc. needs to prepare pro forma financial statements for the next fiscal year. To do

Using the high-low metho, total monthly fixed overhead

Thompson Refrigerators Inc. needs to prepare pro forma financial statements for the next fiscal year. To do so, presented below for the past six months. Month Jan. Feb. Mar Apr. May June Total Overhead $8,258 8,006 8,387 8,832 8,921 7,841 Machine Hours 2,134 2,045 2,276 2,743 2,834 2,034 Using the high-low method, total monthly fixed overhead cost is calculated to be: O $5,095.10 O $5,462.80 O $5,661.90 $5,875.30 O $5.966.40

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