|
Week
|
Machine Hours
|
Overhead Cost
|
|
1
|
68
|
$ 1,190
|
|
2
|
62
|
$ 1,004
|
|
3
|
72
|
$ 918
|
|
4
|
46
|
$ 710
|
|
5
|
94
|
$ 1,025
|
|
6
|
48
|
$ 965
|
ANSWER THE TWO QUESTIONS BELOW USING THE TABLE. SHOW CALCULATIONS
1.Using the high-low method, calculate the variable cost component of Raddler Inc's overhead costs (round to the nearest two decimal places).
2.Calculate the approximate fixed cost component of Raddler Inc's overhead costs using the high-low method.