Compute the variable and fixed cost components


Question:

Guy Spy, a private investigation firm, investigated 91 cases in December and had the following costs: direct labor, $190 per case; and service overhead of $20,840. Service overhead for October was $21,150; for November, it was $21,350. The number of cases investigated during October and November was 93 and 97, respectively. Compute the variable and fixed cost components of service overhead using the high-low method. Then determine the variable and fixed costs per case for December. (Round to nearest dollar where necessary.)

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Accounting Basics: Compute the variable and fixed cost components
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