Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is available regarding t

The following information is available regarding the total manufacturing overhead of Olaf Company for a...

90.2K

Verified Solution

Question

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

Using the high-low method, compute the fixed element of Olaf's monthly overhead cost.

Multiple Choice

  • $81,300

  • $104,000

  • $100,500

  • $60,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1b The Earth is structured in layers: crust, mantle, and core. A recent study was conducted...

Statistics
Q

1. What is dependency theory and world system theory? Is dependency theory rooted with which of...

Psychology
Q

Tom, Dicck, and Harry are all in the bottled-water business. If one or two of them...

General Management
Q

s Where are Streams likely to be Rejuvenated A A A B B C C...

Biology
Q

Which of the following statements is true concerning temperature scales?a. Fahrenheit degrees are larger than...

Physics
Q

Complete each proof 18 Given 3 2x 7 29 4x Prove x 4 Statements Reasons

Geometry
Q

Problem 1 Simplify the following exponential expressions and write you answer without using negative exponents...

Basic Math
Q

The ratio of boys and girls in a class is 3 8 If there are...

Statistics
Q

Suppose that f x log 3x a What is f 9 What point is on...

Algebra
Q

Solve each rational equation algebraically

Algebra
Q

M7-9 (Algo) Analyzing Sell-or-Process Further Decisions [LO 7-6] More Parts Liquidators specializes in buying excess...

Accounting
Q

1.) Prepare any necessary journal entries to record the issuance of 12,677 shares of $2...

Accounting