Using the high-low method, compute the fixed element of Olsen's monthly overhead cost. Multiple Choice $64,700 $64,000 $112,500 $136,500

The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month period. 115, ooe 111,000 April May une uly Machine Hours , ooe 50, oo Manufacturing Overhead $ 186,000 $ 169,000 $ 305, 500 $ 197,000 Using the high-low method, compute the fixed element of Olsen's monthly overhead cost Multiple Choice O O O O $64,700 $64,000 $112,500 $136,500