The following information is available regarding the total manufacturing overhead of Olaf Company for a...
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Accounting
The following information is available regarding the total manufacturing overhead of Olaf Company for a recent four-month period.
Machine Hours
Mfg. Overhead
April
70,000
$
176,000
May
50,000
$
159,000
June
105,000
$
219,500
July
101,000
$
187,000
Olaf's projected August operations will require approximately 140,000 machine hours. Using the high-low method, compute total manufacturing overhead estimated for August.
Multiple Choice
$72,000
$258,000
$159,000
$200,500
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