X Company uses the high-low method to predict monthly overhead costs. The following were January and...

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X Company uses the high-low method to predict monthly overhead costs. The following were January and March cost and activity

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Answer 1

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X Company
High Low method
Variable cost=	(Highest activity cost- Lowest activity cost)/ (Highest activity units- Lowest activity units)

	Month	OH Cost	Production
Highest activity	March	13,753.00	4,300.00
Lowest activity	January	9,707.00	2,600.00
Difference		4,046.00	1,700.00
Variable cost per unit		2.38

Fixed cost	Highest activity cost- (Highest units * Variable cost per unit)
Fixed cost	13753-(4300*2.38)
Fixed cost	3,519.00

	December Month
Production	3,800.00
Variable cost per unit	2.38
Total Variable cost	9,044.00
Fixed cost	3,519.00
Estimated total laundering cost for August	12,563.00

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