Category: Business
Subject: High Low method
Details: Company x documented their production levels and overhead costs for the past five months:
Production Overhead Costs
January 10,500 units $402,500
February 10,675 units $410,000
March 11,500 $442,500
April 12,500 $452,500
May 11,000 437,500
Using high-low method what is their cost equation for overhead costs?