The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours Direct Labor Costs Busiest month (June) 17,500 $ 229,022 Slowest month (December) 10,200 $ 155,000 If Macon expects to use 13,500 machine hours next month, what are the estimated direct labor costs?
The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours Direct Labor Costs Busiest month (June) 17,500 $ 229,022 Slowest month (December) 10,200 $ 155,000 If Macon expects to use 13,500 machine hours next month, what are the estimated direct labor costs?
Chapter4: Job Order Costing
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The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year:
Machine Hours | Direct Labor Costs | |
---|---|---|
Busiest month (June) | 17,500 | $ 229,022 |
Slowest month (December) | 10,200 | $ 155,000 |
If Macon expects to use 13,500 machine hours next month, what are the estimated direct labor costs?
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