Given the following cost and activity observations for Bount…

Given the following cost and activity observations for Bounty Company’s utilities, use the high-low method to determine Bounty’s variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,100 15,000       April 2,700 10,000       May 2,900 12,000       June 3,600 18,000   

Strait Co. manufactures office furniture. During the most pr…

Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $82,000. In the month of lowest production, the company made 1,110 desks at a cost of $59,100. Using the high-low method of cost estimation, total fixed costs are

The Thomlin Company forecasts that total overhead for the cu…

The Thomlin Company forecasts that total overhead for the current year will be $11,004,000 with 160,000 total machine hours. Year to date, the actual overhead is $7,579,000 and the actual machine hours are 80,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.