The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month peric Machine- Manufacturing Overhead $ 300,000 Hours January February March 5,900 3,200 4,900 2,700 224,000 263,800 180, 000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round you answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cos decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected f months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturi
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month peric Machine- Manufacturing Overhead $ 300,000 Hours January February March 5,900 3,200 4,900 2,700 224,000 263,800 180, 000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round you answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cos decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected f months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturi
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter1: The Information System: An Accountant’s Perspective
Section: Chapter Questions
Problem 2P
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