What am I doing wrong?

Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost:

Overhead Cost = $192,000 + ($52 x Direct Labor Hours)

Required:

1. Select the term in the right column that corresponds to the term in the left column.

Overhead Cost = $192,000 + ($52 x Direct Labor Hours)

Overhead cost Dependent variable

$192,000 Fixed cost (intercept)

$52 Variable rate (Slope)

Direct Labor hours Independent variable

2. If next month's budgeted direct labor hours equal 14,500, what is the budgeted overhead cost? $946,000

3. If next quarter's budgeted direct labor hours equal 72,500, what is the budgeted overhead cost? $_________________

4. If next year's budgeted direct labor hours equal 362,500, what is the budgeted overhead cost? $_________________

2. If next month's budgeted direct labor hours equal 14,500 , what is the budgeted overhead cost? 3. If next quarter's budgeted direct labor hours equal 72,500 , what is the budgeted overhead cost? x 4. If next year's budgeted direct labor hours equal 362,500 , what is the budgeted overhead cost? s x Feecleack r Check Ny Work 1. Dependent variable is the cost being predicted. Independent variable is the cost driver. The total cost formula consists of fixed costs (constant) and variable costs (variable rate x number of direct labor hours). 2. Substitute 14,500 hours for the units (x) in the cost formula. 3. Multiply the monthly costs from the cost formulas created by 3 . Substitute 72,500 hours for the units (x) in the cost formula. 4. Multiply the monthly costs from the cost formulas created by 12 . Substitute 362,500 hours for the units ( x ) in the cost formula